The country's largest car maker Maruti Suzuki India (MSI) plans to add another 750,000 units manufacturing capacity from three production lines in Gujarat plant by 2020, taking the total capacity to over 2.25 million units a year, a top company official said today.
The company, which already has a market share of over 50 per cent in the domestic passenger vehicle segment, is also initiating process to study ways to further expand production capacity beyond 2.25 million units per annum after 2020.
The first assembly line of Suzuki-owned Hansalpur (Gujarat) plant has already started rolling out products. It has a production capacity of 250,000 units per annum.
After that we are planning a third factory. Maybe it is coming around 2020, he added.
Ayukawa said the company plans to have around 5,000-6,000 workforce at three units.
MSI already has a production capacity of 1.5 million units per annum across its two plants at Gurgaon and Manesar.
"First we will try 2 million total sales, including exports. After that we will target 2 million unit sales in the domestic market only," Ayukawa said elaborating on the 2020 sales plan.
On capacity expansion beyond 2020, he added: "I believe 2.25 million capacity could be enough but after 2020 and 2021 how we are going to manage our business expansion that we have to start a study for a long term plan".
The institute is part of Maruti Suzuki's corporate social responsibility initiatives for skill development.
MSI has invested over Rs 60 million in setting up and running the JIM.
"Blessed by the Prime Ministers of India and Japan, JIM at Mehsana is a step to equip youngsters in Gujarat with skills that are directly connected with the growing manufacturing industry," Ayukawa said.