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Maruti Suzuki, India’s largest car manufacturer, has leased 270,000 square feet of space in Tag Avenue, commercial building in Gurgaon, according to two people familiar with the matter.
Haryana Chief Minister Manohar Lal Khattar had urged last year that their office is relocated to Gurgaon. For that the government allocates 900 acres of land to Maruti Suzuki India Limited and Suzuki Two Wheeler India Private Limited.
The company’s corporate headquarters are currently located on Nelson Mandela Marg in New Delhi, and it also has an office at Udyog Vihar in Gurgaon.
The Haryana government is developing an industrial and commercial town on 3,300 acres at Kharkhoda (Sonipat) and an industrial model town (IMT) on nearly 1,400 acres in Sohna.
Maruti Suzuki India Ltd. is constructing a project at IMT Kharkhoda with a Rs 18,000 crore investment, while Suzuki Motorcycle India Pvt. Ltd. is establishing a project with a Rs 1,466 crore investment.
According to worldwide property consultant Cushman & Wakefield, gross leasing in the Delhi NCR was 3.4 million square feet in Q3-2023, a 4% decrease on a quarterly basis and an 11% decrease when compared to Q3-2022.
However, gross lease volume in Q3-2023 was in line with the quarterly average of the previous eight quarters, implying continuing demand in the region.
Fresh leases accounted for 59% of the quarterly activity. Pre-commitments increased in share this quarter, accounting for 33% of lease activity, while term renewals accounted for only 8% of total activity.
Gurugram continues to account for 74% of leasing activity, driven by submarkets such as Cyber City, NH8 Prime, and Golf Course Road Extension. Noida, on the other hand, accounted for 24% of leasing activity, with Noida Expressway and Noida City 2 being the most important submarkets.
Haryana IMT Kharkhoda Unit To Produce First Maruti Car In 2025
The 900 acre IMT Kharkhoda Maruti Suzuki plant will start manufacturing its first vehicle in 2025. Out of 900 acres, the 100 acres will use to make Suzuki motorcycle, while 800 acres will have reserved to produce electric vehicles.
The manufacturing factory will employ 11000 youths while Suzuki motorcycle will hire another 3000 employees. After full-fledged operation, it will bring subordinate companies and produce more jobs in coming years.
When fully operational, the Kharkhoda vehicle facility is anticipated to begin production in 2025, with a capacity of 2,50,000 units per year. This would be added to its Manesar and Gurugram manufacturing plants, giving it a total capacity of two million cars per year by 2028.
What Is The Capacity Of The Maruti Plant In Gurgaon?
The Maruti Suzuki facility in Gurgaon has a capacity of 700,000 automobiles per year. The company’s first manufacturing facility was a 300-acre plant. It’s been in business for 35 years.
Maruti Suzuki intends to expand production capacity at its new plant. The new plant will be able to produce one million units each year.
Maruti Suzuki also operates a factory in Manesar with an annual capacity of 800,000 units. The Kharkhoda plant is scheduled to open in 2025.
What Are The Values Of Maruti Suzuki Arena?
The values of Maruti Suzuki Arena are crucial to their success. They pledge to add value through these values. Customer obsession, Innovation, Quality, Creativity, Partnerships, Openness, Ingenuity, Efficiency, Reliability Networking is a fast, versatile, and first mover.
Where Is The Head Office Of Maruti Suzuki?
Maruti Suzuki India Limited’s headquarters are located at 1, Nelson Mandela Road, Vasant Kunj, New Delhi, 110070. Their phone number is +91-11-46781000, and they can be reached via fax at +91-11-46150275. You may also email them at contact@maruti.co.in.
Source-ET
