Enthused by the potential of the Indian market, Osamu Suzuki, chairman, Suzuki Motor, announced in 2018 that the company expects annual sales in India to grow to 10 million vehicles by 2030, with Suzuki controlling half of the market.
This led the automaker to invest in a new plant in Gujarat with a capacity of 750,000 vehicles a year. A second plant with a similar capacity was also planned in Gujarat, to grow Maruti Suzuki’s total capacity in India to 5 million vehicles a year by the end of the decade.Mint reported in July that Maruti Suzuki has suspended building the second plant in Gujarat, which was earlier slated to open by 2021-22.