Monday, March 24, 2008

Maruti Suzuki To Infuse Rs 9,000cr More

Mumbai: Maruti Suzuki India Limited (MSIL), the leading car maker in the country, will pump in Rs 9,000 crore more in India, most of it in research and development (R&D), warehousing, marketing, logistics and design. The company has already set aside a corpus of Rs 9,000 crore, which will be used primarily to enlarge production. MSIL will infuse Rs 9,000 crore in India which will be over and above the earlier investment programme announced by the chairman (Osamu Suzuki) last year. The investment will cover its other round of expenses for opening a world class R&D and design facility, improving warehousing facilities and marketing channels, upgrading our logistics support and similar ventures, which will improve the company''s overall business presence in India. The company is planning to open giant regional warehouses, which will cater to sectoral markets in each of the distribution zones.

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