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PRIMESHOTSPrime VantagePrime DecoderCollections
Business News›Prime›Auto + Aviation›INR45,000 crore cash reserves, 3.5 million
sales by 2030: what’s behind Maruti’s mega expansion


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AUTO


INR45,000 CRORE CASH RESERVES, 3.5 MILLION SALES BY 2030: WHAT’S BEHIND MARUTI’S
MEGA EXPANSION

Getty Images
Workers fit out Maruti Suzuki Swift cars on an assembly line at the new auto
plant at Manesar in Haryana.


SYNOPSIS

MARUTI IS LOOKING TO DOUBLE INSTALLED CAPACITY TO 4 MILLION UNITS BY 2030.
RECENTLY THE CARMAKER ANNOUNCED THAT A NEW PLANT WOULD BE SET UP WITH A
PRODUCTION CAPACITY OF AN ADDITIONAL 1 MILLION VEHICLES EVERY YEAR. WHILE MARUTI
IS CASH RICH, WITH INVESTMENTS COMING MOSTLY FROM INTERNAL ACCRUALS, WHAT DOES
THIS MEAN FOR THE SHAREHOLDERS AND RETURN ON INVESTMENTS?

By Shobha Mathur It came as a bit of a surprise when Maruti Suzuki, in a filing
to the National Stock Exchange on April 26, revealed that its board has given
in-principal approval for creating an additional capacity of up to 1 million
vehicles every year in a new plant. While the plant’s location and the phases of
capacity installation are yet to be finalised, the fresh investments would be
funded through internal accruals. What’s driving this
BY
Shobha Mathur

8 mins read, Last Updated:
May 30, 2023, 03:24 PM IST

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 * Times Prime subscription offers the below benefits:-
   
   * Hotstar + Disney : 6 months subscription worth Rs. 450
   * SonyLiv: 6 month subscription worth Rs. 699
   * Headspace: 6 months subscription worth Rs. 449
   * TOI+ : 12 months subscription worth Rs. 650
   * Gaana+: 1-year subscription worth Rs. 399
   * Myntra: 15% discount over & above
   * Uber: 20% off on rides
   * Chaayos: Complimentary chai
 * Times Prime reserves the right to add/modify/delete any of the benefits at
   its own discretion.
 * Times Prime terms and conditions shall apply at all times..
 * In case of any concerns, the user may reach out to us at :care@etprime.com.

The only global membership video-on-demand platform for streaming documentaries.
Explore, question and discover real stories that enlighten, enchant and
entertain.

Features:
 * A new release every day
 * Stream on multiple screens
 * Award winning documentaries from 100+ countries
 * Stunning 4K & HD quality
 * Wide range of topics including Travel, Culture, Science, Crime, Nature,
   History and more


 * TERMS & CONDITIONS

 * The offer is applicable for all users buying/renewing the Annual plan or
   2-year plan.
 * Post the free trial of 15 days, the Docubay coupon code will be sent to the
   registered email address within 15 working days from completion of the trial
   period.
 * For existing users (renewing users) or users who have exhausted their trial
   period in the past, will receive the Docubay coupon code to their registered
   email address within 15 working days from the payment completion.
 * Users are required to redeem their Docubay coupon code on or before
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 * ET Prime solely reserves the right to resolve any issue as per the company
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   amount paid by the user during the transaction.
 * ET Prime reserves the right to withdraw or modify this offer without any
   liability at its own discretion.
 * These terms shall at all times be read and understood in conjunction with the
   T&C and Privacy Policy of ET Prime available at etprime.com/terms-conditions.
 * The above mentioned offers are indicative and may change over time.
 * A new release every day
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ENJOY FREE SUBSCRIPTIONS & DISCOUNTED DEALS FROM TOP BRANDS




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 * The offer is applicable for all users buying/renewing the Annual plan or
   2-year plan.
 * Post the free trial of 15 days, the Times Prime coupon code will be sent to
   registered email address within 10 working days from completion of the trial
   period.
 * For existing users (renewing users) or users who have exhausted their trial
   period in the past, will receive the Times Prime coupon code to their
   registered email address within 10 working days from the payment completion.
 * Users are required to redeem their Times Prime coupon code on or before
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 * ET Prime solely reserves the right to resolve this issue as per the company
   policy. In any event. whatsoever, ET Prime's liability will not exceed the
   amount paid by the user during the transaction.
 * ET Prime reserves the right to withdraw or modify this offer without any
   liability at its own discretion.
 * These terms shall at all times be read and understood in conjunction with the
   T&C and Privacy Policy of ET Prime available at
   :etprime.com/terms-conditions.
 * Times Prime subscription offers the below benefits:-
   
   * Hotstar + Disney : 6 months subscription worth Rs. 450
   * SonyLiv: 6 month subscription worth Rs. 699
   * Headspace: 6 months subscription worth Rs. 449
   * TOI+ : 12 months subscription worth Rs. 650
   * Gaana+: 1-year subscription worth Rs. 399
   * Myntra: 15% discount over & above
   * Uber: 20% off on rides
   * Chaayos: Complimentary chai
 * Times Prime reserves the right to add/modify/delete any of the benefits at
   its own discretion.
 * Times Prime terms and conditions shall apply at all times..
 * In case of any concerns, the user may reach out to us at :care@etprime.com.

The only global membership video-on-demand platform for streaming documentaries.
Explore, question and discover real stories that enlighten, enchant and
entertain.

Features:
 * A new release every day
 * Stream on multiple screens
 * Award winning documentaries from 100+ countries
 * Stunning 4K & HD quality
 * Wide range of topics including Travel, Culture, Science, Crime, Nature,
   History and more


 * TERMS & CONDITIONS

 * The offer is applicable for all users buying/renewing the Annual plan or
   2-year plan.
 * Post the free trial of 15 days, the Docubay coupon code will be sent to the
   registered email address within 15 working days from completion of the trial
   period.
 * For existing users (renewing users) or users who have exhausted their trial
   period in the past, will receive the Docubay coupon code to their registered
   email address within 15 working days from the payment completion.
 * Users are required to redeem their Docubay coupon code on or before
   31-3-2023.
 * ET Prime solely reserves the right to resolve any issue as per the company
   policy. In any event. whatsoever, ET Prime's liability will not exceed the
   amount paid by the user during the transaction.
 * ET Prime reserves the right to withdraw or modify this offer without any
   liability at its own discretion.
 * These terms shall at all times be read and understood in conjunction with the
   T&C and Privacy Policy of ET Prime available at etprime.com/terms-conditions.
 * The above mentioned offers are indicative and may change over time.
 * A new release every day
 * Docubay terms and conditions shall apply at all times.

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   CEO and MD, Bharat Serums and Vaccines
 * In-depth understanding of aviation issues at hand combined with the ability
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   articles on ET Prime provide insight that adds value to experts and industry
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   Senior Vice President, Cleartrip

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12A trusted team of Journalists & Analysts

Unbiased perspective & detailed reporting by our team of journalists who have
in-depth knowledge and years of experience

 * Shishir Prasad
   
   Editor
   
   Two decades of tracking strategy, technology, and money. Loves stories that
   combine logic and aesthetics.

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   Assistant Editor - Markets
   
   Keeping track of everything banking. Loves narrating big picture stories.

 * Ami Shah
   
   Senior Assistant Editor, Markets
   
   Keeps an eye on everything related to stock markets

 * Anand J
   
   Senior Assistant Editor, Fintech and Internet Economy
   
   Covering Indian startup ecosystem and technology. Looking deeper into
   fintech.

 * Garima Manon
   
   Senior Project Manager
   
   Monitoring every part of a story life cycle - from commissioning to
   publishing - and making sure nothing slips through the cracks.

 * Himadri Buch
   
   Assistant Editor - Markets
   
   Keeps a vigil eye on happenings in the stock markets and mutual funds

 * Isha Trivedi
   
   Assistant Editor, Pharma and Healthcare
   
   Detail-oriented pharma business specialist

 * Jochelle Mendonca
   
   Assistant Editor, Enterprise IT
   
   Covering India's IT services industry and enterprise technology

 * Jyotindra Dubey
   
   Associate Editor, Corporate and Regulatory Affairs
   
   Poring at financials to check for things that don't add up

 * Kanika Saxena
   
   Staff Writer - Technology
   
   A tech geek on the lookout for misinformation and privacy breaches.

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   Senior Graphics Designer
   
   Information designer and visual storyteller

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   Senior Editor
   
   Journalist, storyteller, dancer, Hindi-film encyclopaedia

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   Assistant Editor - Consumer Internet
   
   Unravelling stories behind the apps you use.

 * Manu P Toms
   
   Executive Editor
   
   New-economy veteran

 * Mitali Sharma
   
   Editorial Operations Associate
   
   I sing on the chords of content and operations!

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   Senior Graphics Designer
   
   I visualise data, infographics, and illustrations

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   Senior Editor
   
   I sub stories and ensure that the edition is put to bed within deadlines.

 * Monika Majumder
   
   Digital Content Creator
   
   A passionate learner with a penchant for written words

 * Muhabit ul haq
   
   Senior Image Researcher
   
   Visual storyteller

 * N Sundaresha Subramanian
   
   Executive Editor
   
   Number reader, fine-print cracker, money follower, underdog lover

 * Nirmal John
   
   Editor - Emerging Technologies and Cybersecurity; Growth Editor
   
   Author of India’s first book with true stories of cybercrime and data theft

 * Prashant Mukherjee
   
   Assistant Editor, Energy
   
   Covering oil, gas, and renewables. In my free time I dabble in derivatives
   and music

 * Pravin Palande
   
   Executive Editor
   
   Markets and investment specialist

 * Priyanka Sahay
   
   Assistant Editor
   
   If it's odd, it's a story. I strive to bring it to you.

 * Priyanka Salve
   
   Assistant Editor - Markets and Infrastructure
   
   Covering the economy's building blocks

 * Richa Sharma
   
   Digital Content Creator
   
   Academics, art, and articulation drive my joy!

 * Rajiv Ghosh
   
   Principal Analyst, Auto
   
   Analyst-journalist strolling the corridors of auto innovation

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   Lead, Telecom
   
   Fourteen years across critical functions in the telecom industry

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   Research and Data Analyst
   
   Resident numbers lady

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   Chief Graphics Designer
   
   I use my experience of more than two decades with leading media houses to
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   Newsroom leader with nearly two decades in top-tier media houses

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   Editor, Technology Policy and Foreign Policy
   
   Cyber-law expert, policy geek, China observer. Tracks strategic technologies
   and geopolitics.

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   Lead Analyst - Consumer and Retail
   
   Tracking technology's hand in what and how we consume

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   Staff Writer - Defence
   
   Keeping a hawk eye on defence industry.

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   Senior Associate Editor - ESG
   
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   Senior Staff Writer - Technology
   
   Covering all things in the Web3 universe.

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   Consulting Editor, Auto
   
   Industry veteran- passionate about passenger vehicles

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   Senior Assistant Editor - Markets and Economy
   
   Explore issues from the crossroads where forces of markets and economy meet.

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   Senior Editor
   
   An editor in love with stories for over a decade

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   Staff Writer, OTT
   
   Media and entertainment industry analyst, music lover, writer, and dreamer

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   Editor, Aviation and Defence
   
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   Assistant Editor, Technology and Logistics
   
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   and new age startups.

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   Editor, Pharma and Healthcare
   
   India’s pre-eminent pharma reporter with over two decades in the business

 * Varsha Santosh
   
   Correspondent, Money and Markets
   
   Juggling with data

 * Vyas Mohan
   
   Senior Sub-Editor
   
   I have 15 years of experience. I moved to ET Prime’s rewrite team from the
   Asia desk of Thomson Reuters.

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