Financial Daily from THE HINDU group of publications
Thursday, Oct 07, 2004
Financial Daily from THE HINDU group of publications Thursday, Oct 07, 2004 |
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Cars Corporate - New Projects Maruti top brass in Japan to work out Rs 6,000-cr investment Our Bureau
New Delhi , Oct. 6 THE top brass of Maruti Udyog Ltd is in Japan to work out with its parent, Suzuki Motor Corporation, the modalities of the proposed Rs 6,000-crore investment plan announced recently. According to sources, the Maruti team led by the Managing Director, Mr Jagdish Khattar, is in Hamamatsu (the Suzuki headquarters) to hold a series of meetings with the Suzuki top management. The Maruti team is also likely to discuss a review of the ongoing three-year Challenge 50 project. The project, which is now in its final year, was initiated across Maruti's production facilities to raise productivity by 50 per cent in three years. Sources say the company is well on course to achieve the target. The Maruti team is expected to apprise Suzuki officials of the diesel market in India and discuss future model roll-outs and Suzuki's plans to develop India into an R&D hub. The company will be introducing the premium compact car Swift next year. Maruti recently announced a mega investment plan with its parent to set up a car plant and a diesel engine manufacturing unit.
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