Maruti Suzuki India plans to invest approximately Rs 45,000 crore to double its annual production capacity to 40 lakh units over the next eight years. The company is also considering shareholder suggestions for a stock split.
In response to the evolving automotive landscape, including the pursuit of carbon neutrality, Maruti Suzuki will explore various technologies, including electric vehicles (EVs), hybrids, CNG, ethanol-blended, and compressed biogas. The Chairman, RC Bhargava, emphasized the uncertainty and challenges in the coming years.
Under their ‘Maruti 3.0’ strategy, they aim to add another 20 lakh units of production capacity with approximately 28 different models by FY 2030-31.
Regarding a stock split, Bhargava acknowledged its potential benefits for share trading but noted that it might not significantly impact the company’s performance or shareholder returns.
Regarding their EV initiative, Bhargava mentioned they may be behind some competitors but believe they can establish a strong market presence with planned production of six EV models between 2024-25 and 2030-31.
On Tuesday, Maruti Suzuki’s shares closed at Rs.9634.95, up 0.39% on NSE.