Tokyo: Suzuki Motor plans to spend about 30 billion yen ($322.6 million)to build a factory in India around 2011, boosting its production capacity in the country by 30 percent, the Nikkei business daily reported on Saturday.
Suzuki's Indian unit, Maruti Suzuki controls about half of the country's market share. Maruti Suzuki Chairman R.C. Bhargava said earlier this week its management was considering whether to expand production capacity, adding it would be known soon.
A Suzuki spokesman said its Chairman Osamu Suzuki would brief on its Indian operation at its headquarters outside of Tokyo from 0900 GMT on Saturday and declined to comment further.
Bureau Report
First Published: Saturday, September 05, 2009, 14:49