Due to the impressive sales which jumped more than 30 percent this year, Suzuki a.k.a. Japan’s second- largest minicar maker, decided to build a new factory in India.
The plant will be located in Manesar, near New Delhi, and will have a total capacity of producing 250,000 cars and will begin output by mid-2013.
These were confirmed by Hideki Taguchi, a Suzuki spokesman who also added that the Indian unit of the carmaker is already constructing a plant of a similar size nearby.
Maruti Suzuki India has currently four plants near New Delhi which have a total production capacity of over 1 million vehicles a year.
Analysts predict that the Indian auto market may double by 2014. Ford also plans to introduce eight new models in India by 2015, the debut of its first small car earlier this year.
Toyota will introduce the Etios hatch in December. According to reports, the nationwide-car sales jumped 38 percent from a year earlier to a record 158,764 in July and annual sales may reach may reach 3 million by 2015, according to the Society of Indian Automobile Manufacturers. [via autonews - sub. required]