Maruti lines up Rs 18,000 cr investment for new manufacturing plant in Haryana
The new plant would replace the company's Gurugram-based facility and is expected to have an installed production capacity of 7.5-10 lakh units per annum.
He however declined to share details about the location finalized by the company.
''We had said a long time ago that we will shift our Gurugram plant and we will shift it close by somewhere in Haryana..so that is there,'' he said.
The auto major however remains wary of the state's new policy that has mandated 75 percent job reservation for the locals in business and factory establishments.
''Those issues remain, they have not been solved so nothing has changed there as well,'' Bhargava said when asked about the matter.
The company has been in talks with the state government but the issue remains unresolved, he added.
When asked about the timeline for starting the project, Bhargava said: ''We don't know yet, can't say right now.'' He, however, added that the production capacity of the plant would be 7.5 -10 lakh units per annum depending upon the market growth in India.
MSI has decided to shift its Gurugram plant, which is spread over 300 acres, because of congestion and traffic hassles.
The plant, which is the company's first in the country, falls around residential areas. It is where the company began its India journey in 1983 by rolling out its first model -- the iconic Maruti 800.
With the rapid development in Gurugram, the company now finds its plant in the middle of a bustling city which has made it difficult for trucks carrying raw materials and finished products to move in and out of the plant.
Residents and authorities want congestion issues due to the plant to be addressed.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)