Suzuki aims to invest $1.6 billion in India by 2010

Japanese automaker Suzuki has said in a statement that they are planning to invest an additional 200 billion yen in its Indian venture by 2010.

The company would spend this money on expanding the capacities of its car and engine plants.

Suzuki has already invested 100 billion yen in the plants run by Maruti Udyog Ltd.

They are aiming to boost the manufacturing capacity of Maruti to 1 million cars a year from 630,000 now.

Maruti recently opened its fourth car plant with a manufacturing capacity of 1 lakh car per year.

Maruti Udyog Managing Director Jagdish Khattar spoke about the company’s plans for the coming years: “Suzuki made a commitment to India at a time when it was not fashionable to invest in India. This (new plant) marks the most important milestone in our partnership.”

The company is the leading automaker in the Indian market and holds a majority of the small car market share.

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