Maruti Suzuki India has received an approval for manufacturing of Vitara Brezza starting year 2022 at existing Toyota Kirloskar Motor (TKM) plant which will save investment in new plant for the Company. Variants of this model will be sold through sales network of the Company and TKM respectively. The Board has also given an approval for supply of product (Derivative model of Baleno) to TKM. This will result in incremental sales for the company.
The Board of Directors of the company at their meeting held on March 27, 2019, approved the same.
Maruti Suzuki India (formerly known as Maruti Udyog) is an automobile manufacturer in India. It is a subsidiary company of the Japanese car and motorcycle manufacturer Suzuki Motor Corporation. It provides passenger cars, utility vehicles and vans. The firm also offers pre-owned car sales, fleet management and car financing services.