Suzuki is to spend JPY25bn (US$277m) doubling production of engines in India to 1m units a year as the company expands in its biggest overseas market.
It would increase production capacity of its K-series engines, said chairman Osamu Suzuki. He added the company was spending a similar amount to expand research facilities in the country.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Maruti Suzuki India, India’s biggest carmaker, is spending US$373m to increase capacity by 250,000 cars at its factory at Manesar near New Delhi as vehicle sales are projected to reach 3m units annually by 2015.
Maruti, which sells one of every two cars in India, has so far produced 8.8m cars since its inception in 1983. However it is facing increasing competition in the compact car segment from carmakers such as General Motors, Volkswagen, Ford and Fiat. More competition is expected in the future from Nissan, Toyota and Honda.
