Suzuki to invest Rs 1,500 cr for global R&D hub in India
Japanese auto giant Suzuki today announced an investment of up to Rs 1,500 crore in the next 6-7 years for setting up a research and development (R&D) centre in India, which will be the company"s global small car R&D hub. - Maruti getting its first hires from Detroit - Sensex follows Asian markets, up 200 points - More power bikes ready to vroom into India - Maruti aims to export 1-lakh units of A-Star in FY10 - Maruti India expects double-digit growth - Maruti expects double digit growth in next few months The company"s subsidiary -- Maruti Suzuki India -- will develop the 700-acre R&D centre, to be constructed in two phases, here in Haryana by 2015. "This facility in Rohtak would be a big step forward in building the R&D capability of Maruti Suzuki, and enable us to offer superior products to our customers in the future as well," Maruti Suzuki India (MSI) Managing Director and CEO Shinzo Nakanishi said here. The R&D facility, to be set up at an investment of Rs 1,000-Rs 1,500 crore, would become the Japanese auto giant"s global showcase for small cars, he said adding that MSI would design and develop a made-in-India car by 2012. Nakanishi said the project would add to MSI"s in-house R&D capabilities and would be a "dream-come-true" for Indian engineers and automobile designers. The largest such facility by Suzuki Motor Corp (SMC) outside Japan would comprise a 600-acre R&D centre and test tracks and a vendors park spread over 100 acres. SMC would develop the land and construct the test tracks in the first phase by 2012, while the entire project would be completed by 2015.Cash Payday Loans commented:
If they invest in India then it will give them benefits and to the people also hope they get good results
31.08.2011
Payday Loan commented:
Such investment in India could lead them to profits and as we trust the Suzuki , the name of the brand, it\'s expansion of good will also increased.Thanks for such posting.
15.10.2011
12 month loans commented:
Such investment can yield good profits I think. You have shared a good information. Thanks for such post.
22.10.2011
Asian Private Funds commented:
Such investment can really increase the chances of upward movements of economy graph.Good to hear this. Thanks for such post.
25.11.2011
Australia Taxation commented:
Suzuki is very much desperate to do business in india as they have seen the very big opportunity here and its pretty good amount they are spending on the R & D in india.
09.12.2011
Business Network Asia commented:
Suzuki knows that there is huge business opportunity in the india and the the small car market is still growing over there very much.
15.12.2011