Maruti Suzuki India has earmarked Rs 4,500 crore capital expenditure (capex) for the current financial year, as compared to Rs 3,500 crore capex for the previous financial year that ended on March 31.
The company will spend the said amount on various activities including replacement of machinery, R&D and marketing initiatives. On R&D alone, the company is planning to invest in the range of Rs 700-1,000 crore. Some portion of the capex could also go towards the acquisition of land for expansion of sales and service network.
Maruti Suzuki India (formerly known as Maruti Udyog) is an automobile manufacturer in India. It provides passenger cars, utility vehicles and vans. The firm also offers pre-owned car sales, fleet management and car financing services.