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Our Bureau

New Delhi , June 6

THE foundation stone for Maruti Udyog Ltd's Rs 1,524-crore new car plant was laid at Manesar, Haryana, today by the State Chief Minister, Mr Bhupinder Singh Hooda.

The plant, which will initially have a capacity of 1,00,000 cars per annum, with the scope to scale it up to 2.5 lakh units, is part of a larger investment plan finalised by Maruti and Suzuki for the medium term, a MUL release said.

The total investment in the new car plant will be Rs 1,524.2 crore, it said.

Speaking on the occasion, the MUL Managing Director, Mr Jagdish Khattar, said, "Our investment in a new car manufacturing plant underlines our parent company, Suzuki Motor Corporation's continued commitment to India. It also reflects Maruti's optimism about the future of the Indian car market."

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