Maruti to spend Rs 4,000 cr on new Gujarat car plant

Will raise total capacity to 2 mn units, add 2,000 heads to workforce

The country's top carmaker Maruti Suzuki is to invest Rs 4,000 crore to set up a new manufacturing facility in Gujarat, raising its total capacity to two million units by 2015-16.

The company has signed an agreement with the government of Gujarat to buy land to set up a new manufacturing facility, it said in a statement on Saturday.

Maruti Suzuki estimates it will generate employment for more than 2,000 people.

Maruti, 54.2% owned by Japan's Suzuki Motor Corp. on Friday, reported a 5% fall in its monthly vehicles sales in May.