Maruti to invest Rs 4,000 crore in three years
Money will be invested to ramp up its product development and R&D capabilities
By : DC Correspondent
Update: 2014-11-04 23:57 GMT
Hyderabad: Maruti Suzuki India will be investing up to Rs 4,000 crore in India in the next three years in ramp up its product development and R&D capabilities and strengthen its marketing infrastructure. “Currently Rs4,000 crore worth of investments are going into research and development, product development and marketing infrastructure over period of two to three years,” executive director, engineering, C.V. Raman said on Tuesday after launching the company’s new Alto K10 in Hyderabad.
After its launch in Delhi, Maruti held press meet in different cities on Tuesday to announce the launch of Alto K10’s new version. According to Amitava Roy, vice-president (parts), MSI, this is the first time in the country that at the entry level a car has been fitted with automatic gear shift. In Kochi, he said that the company is planning to export this model to Africa, Latin America and the Middle East.
Reacting to recent reports about the failure of its small car Swift in NCAP’s crash test, Mr Raman said the model met Indian safety standards.“Swift and our other cars have cleared the crash test at 48 kmph as per Indian motor safety regulations. However, the car was tested at 64 kmph as per European standards. Further, Swi-ft’s no airbag model fail-ed the crash test whereas Swift with airbags got three stars,” he said. MSI provides airbags for Swift, which it exports to Latin America countries as per their local standards.