Overview
- State officials framed a ₹35,000 crore project on a 1,750-acre site at Khoraj near Ahmedabad with total annual capacity of 10 lakh vehicles.
- Maruti Suzuki disclosed in a BSE filing that its board approved ₹4,960 crore for land acquisition, infrastructure and preparatory work, funded via internal accruals and external borrowings.
- The facility is planned in four phases of 2.5 lakh units each, with production from the first plant targeted in FY29 according to the Gujarat government.
- The government projected about 12,000 direct jobs and potentially more than 7.5 lakh indirect employment opportunities through ancillary and MSME growth.
- An investment letter handover was held in Gandhinagar with Chief Minister Bhupendra Patel and MD Hisashi Takeuchi, while detailed phasing and commissioning decisions beyond the land step remain with the company’s board.