Maruti Suzuki to invest Rs 6,085 cr by 2013

New Delhi : Maruti Suzuki on Tuesday announced plans to invest Rs 1,925 cr on a new plant in Manesar, near Delhi, bringing the total investment to Rs 6,085 cr ($1.3 billion) over the next three years.

The new plant, the company?s fourth in India, will take the country?s largest automobile manufacturer?s total annual production capacity to 1.75 million units by end of fiscal year 2012-13.

The announcement comes close on the heels of another plant in the same location announced in February this year. Both the plants will have production capacities of 250,000 units per year each.

The company also said a research and development facility coming up in Rohtak, Haryana was also in the pipeline.

In a statement released following an annual shareholders meeting here, the company, 54.2 percent owned by Japan’s Suzuki Motor, said the new expansion plans come to meet the demands in one of the world?s fastest growing auto markets.