Maruti Suzuki India today said it has started spadework to set up its second facility in Gujarat with acquisition of another 600 acres, in addition to its existing plan to invest Rs 4,000 crore for setting up a plant in the state.
The company also said it expects about 6-7 per cent sales growth in 2013-14 after closing the current fiscal with about 6 per cent rise in vehicle sales.
The country’s largest car maker also said it will not enter the premium segment of passenger cars in India and will “protect” its image of a small car manufacturer.
“We have land at two locations in Gujarat. The first one is offered by the government and the second one is a private land that is directly acquired by us with some negotiations by the government,” Maruti Suzuki India (MSI) chairman RC Bhargava told reporters here.
The company has acquired about 600 acres, located about 40 km from the first site near Mehsana, Bhargava added.
“The second location is for our future expansion. Once we exhaust the capacity at the first site, we will move to the second one,” Bhargava said.