Maruti to scale up production

The country's largest car producer, Maruti Suzuki, plans to scale up production by at least 70,000 units this year to meet demand, a top company official said today.



"We are trying to eliminate wasteful operations in our manufacturing plants and increase productivity level of employees. We aim to produce at least (an additional) 70,000 cars with all these measures," Maruti Suzuki Managing Executive Officer (Engineering) I V Rao said here. Capacity expansion of the company's Manesar plant by another 250,000 units will be completed by 2012, he added.





BSE | NSE

Price







Click here to visit SME Buzz





Also Read



Related Stories

News Now







- Maruti Suzuki plans to scale up production by 70,000 units

- Customer fatigue relating to car models quick

- Maruti sees 20-30% sales decline in European market

- Type R!

- Maruti hots up price war in compact cars with new WagonR

- Jai Bharat Maruti Q4 net profit soars two-fold at Rs 8 cr





Also Read



Related Stories

News Now









- Markets vault on banking stocks

- Goldman CEO lauded profit from subprime shorts

- Services growth improved in FY10 on govt support: CII

- Make phone banking more secure or face penalty: RBI to banks

- Dalal Street to trade in range: Analysts

More









Rao, who agreed that there is a long waiting list for some of the hot selling brands like Swift and Swift Dezire, pointed out that, according to industry reports, the car market will witness 10-12 per cent growth this financial year.



Going by that projection, Maruti Suzuki, which crossed the one-million car production mark last year, will have to produce at least 100,000 additional units this year to meet the demand, he said.



At present, the plants are working at more than 100 per cent capacity utilisation. Maruti's two plants in Gurgaon and Manesar together have an installed capacity of 800,000 cars.



According to Rao, Maruti exported 140,000 cars to other countries, mainly in Europe, in the previous financial year. He was hopeful of maintaining the same figure this year, too.


News From: http://www.7StarNews.com