Maruti Suzuki is Ready to Invest 4,000 Crore Rupees on New Models: Ayukawa
Highlights:
Mr. Kenichi Ayukawa expressed the concept of Futuro-E in the SUV segment.
This year, Maruti Suzuki to invest ₹4000 (US$ 572.33 million) crore on plant renovations and new product development.
Kenichi Ayukawa at Auto Expo 2020
On Wednesday, at Auto Expo 2020 in New Delhi the Managing Director and CEO of Maruti Suzuki India Ltd, Mr. Kenichi Ayukawa expressed the concept Futuro-E in the SUV segment. Maruti Suzuki India is the largest passenger carmaker in the country. However, the company is ready to invest more in new product development. Kenichi Ayukawa, CEO of Maruti Suzuki unveiled the decision of the company to invest ₹4,000 crores this year on new product developments and plant renovations.
He said to BusinessLine on the sidelines of the Auto Expo that “We will invest around ₹4,000 crores in developing new products and modifications of the factories (in Haryana) this year”.
The company announced on the first day of Expo that it would work towards alternative fuel models. As well, electrification of its future models to contribute to environment safety.
What is Mission Green Million?
In this decade, Maruti Suzuki aims to sell around one-million cars that are adapted to new technology. Such as smart hybrid, strong hybrid, and electric vehicles.
“Mission Green Million is our commitment to bring advanced powertrain technologies for Indian customers. In this mission, ‘Make in India’ will be our core philosophy. S-CNG and Smart Hybrid technologies on Maruti Suzuki cars have seen huge acceptance by customers,” CEO Kenichi Ayukawa said.
He also added, the company has complete faith in the future of the Indian automotive market and will accelerate its efforts for electrification of powertrains, with a technology-agnostic approach.
“Our endeavor will be to offer realistic solutions for mass acceptance by customers,” Ayukawa said.
Maruti Suzuki Gujarat plant
Regarding the Gujrat plant, the CEO of Maruti Suzuki said, “It was delayed a bit in terms of completion. But is now on schedule and on track to expand the capacity by 2.5 lakh units to 7.50 lakh units this year”.
Maruti Suzuki and Toyota Partnership
On the partnership with Toyota, “all works were progressing as planned and products would start rolling out in the near future”, he said. Also, Ayukawa added, rolling out of the new Brezza by Toyota this year, and branding it, would also depend on when Toyota decides to launch the vehicle.
Jayshri is an Electronics Engineer, but her passion towards writing made her to be in this field. Apart from content writing, she loves reading, writing and surfing on various topics. In her free time, she likes to watch TV series and news. Sherlock Holmes is her all time favorite show. Jayshri loves cooking various Indian-western dishes.