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Suzuki to invest 
11000 cr in India
By siliconindia
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Wednesday, 07 February 2007, 18:30 IST
New Delhi: The Suzuki Motor Corporation (SMC) is geared up to pump in investment $ 2.5 billion for the company's various operations in India in the next 3-4 years. The Chairman and CEO Osamu Suzuki announced this yesterday while inaugurating Maruti Suzuki's fourth assembly plant in the city.
"So far we have invested about 100 billion Yen. Going forward we are investing an additional 200 billion Yen up to 2010," he said. Earlier, the company had announced an investment of 250 billion Yen(approximately Rs 9,000 crore) for Maruti Udyog Ltd (MUL) and Suzuki Powertrain India Ltd (SPIL). On the sidelines of the inauguration, Maruti officials added that another ¥ 20 billion (Rs 730 crore) would be invested in Suzuki's two-wheeler venture.
Suzuki, while inaugurating SPIL, the diesel engine and transmission plant joint venture with Maruti Udyog further stated that SMC was fully committed to transferring technology to MUL. "SMC has 54 per cent stake in Maruti and there is nothing to hide. It is not a rival company, therefore, we are transferring technology to the extent of 100 per cent," he said.
He said SPIL would be manufacturing transmissions for one million vehicles by 2008. Besides manufacturing its premium hatchback Swift, the new plant will concentrate on rolling out an export model that will hit the markets in 2008-09.
The plant has an initial capacity to manufacture 1-lakh diesel engines a year and would be scaled up to 3-lakh engines per year by 2010, with a total investment of Rs 2,500 crore.