New Delhi: Maruti Suzuki is coating the largest single car investment in the country because it plans to pump up to 18,000 crore rs for the new factory premise in Haryana, which may have an annual capacity of 10 lakh units, Chief Maruti Suzuki RC Bhargava told Tii.
Greenfield location – which can be spread at 700-1,000 hectares – will come in lieu of old (and first) factory located in Gurugram, but the company is aware of new policies that have mandated 75% of work reservations for locals in business companies and factories.
“We have plans to invest RS 17,000-18,000 crore.
The total capacity we planned is between 7.5 lakh and 10 lakh cars per year.
This is the scale we see.” Bhargava said the company “wants to shift quickly” to a new location , but pointing at a series of problems.
The initial delay in the new plant plan is because of the outbreak of the coronavirus.
“Going in cold storage because Covid last year.
Now again, it is being reviewed.
But we have additional problems to sort out the Local Work Reservation Policy Haryana, which we are looking for,” said Chief Maruti.
“We are worried about that.
We talk to them, (and) ask the state government to complete a solution, which can make everyone happy.” He said the problem had been raised by the top industrial space, including CII.
“This (75% reservation for locals) is not a step that will promote investment or competitiveness.
The whole industry feels like this, and has talked about it.
Active discussion with the state government.” The company has decided to shift the Gurugram factory, Spread in 300 hectares, because of space constraints.
Because the place is around the residential area, locals face a lot of trouble due to truck movements.
It can be understood that the company has also been approached by several other states for large investments.
But Maruti wanted to invest in Haryana, unless the problem of local reservations played a spoiler.