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₹2,700 cr capex despite slowdown

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For the year to March, Maruti’s profit fell 25% to ₹5,650.6 crore, while revenue declined 12% to ₹75,610.6 crore Maruti Suzuki India Ltd will retain its ₹2,700 crore capital expenditure plan for this financial year, undeterred by the turmoil caused by the coronavirus outbreak that has dented vehicle sales and earnings.

India’s largest carmaker also expects to soon reopen its second factory in Gurugram in Haryana, following further easing by the government of a nationwide lockdown imposed late-March.

Maruti began limited operations at its Manesar plant in Haryana on 12 May and some of its showrooms and service centres also begun functioning since last week.

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United States
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India
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