Overview
- Maruti Suzuki’s board on Jan. 12 cleared the purchase of land at Khoraj Industrial Estate from the Gujarat Industrial Development Corporation.
- The sanctioned ₹4,960 crore covers land acquisition, development and preparatory work for the new site.
- The proposed buildout would create up to 1 million additional units of annual capacity, subject to board‑approved phasing.
- Overall project investment and the commissioning timeline have not yet been finalized by the company.
- Funding will come from a mix of internal accruals and external borrowings as the plant plan complements the integration of Suzuki Motor Gujarat.