Maruti Suzuki sets aside Rs 5,000 crore as capital expenditure

Maruti Suzuki India (MSI) has set aside 5,000 crore in capital expenditure for different projects, including new vehicle launches, for the current financial year, according to a senior corporate executive,

Suzuki Motor Corp‘s investment in Gujarat, according to the country’s top carmaker, would help it extend its battery electric vehicle (BEV) line in the country.

“Capex of ₹5,000 crore is something that we have committed for this fiscal on various projects, including, the new model launches etc,” MSI CFO Ajay Seth said in an analyst call.

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