Suzuki Motorcycle India planning to invest₹600 crore in the first phase of its second plant, which it intends to set up in the nation, a toporganization official said on Thursday.
The organization is in process of finalizing the area of the plant which would have an introduced limit of 3-5 Lakh Units for each annum to begin with and may go up to 10 lakh units according to the market request.
"The underlying venture for the plant would be in the scope of ₹600 crore," Suzuki Motorcycle India overseeing chief Satoshi Uchida told PTI.
Expounding further, Suzuki Motorcycle India official VP Sajeev Rajasekharan stated, scan for the area for the plant has just begun. "In two or three months we will settle it and after that this specific office ought to be prepared in 1.5 to 2 years from the time it is concluded," he included.
The introduced limit of the primary period of the new plant would be 3-5 lakh units for each annum and would go up to one million, Uchida said.
Despite the fact that, the organization is yet to finalize the area, sources said it could come up at Punjab, Uttar Pradesh or Haryana.
The organization's current office at Gurgaon can deliver up to 1 million units for each annum.
