Maruti lines up Rs 4,500 cr capex for current fiscal

Maruti Suzuki India (MSI) Thursday said it has earmarked a capex of Rs 4,500 crore for the current fiscal.

The investment will go into various initiatives, including new product development, R&D and land acquisition for sales network, MSI CFO Ajay Seth told reporters here.

MSI had earmarked a capex of Rs 4,000 crore for 2018-19.