Maruti to invest Rs200 crore to set up company stockyards
19 Feb 2010
Auto major Maruti Suzuki India (MSIL) will spend around Rs200 crore to develop a network of company-owned stockyards and model showrooms across the country by 2011-12, according to a senior official of the company.
''We would be decentralising our warehousing currently in Gurgaon by setting up stockyards in each region,'' MSIL administrative managing executive officer S Y Siddiqui told reporters.
Maruti plans to acquire 25 acres of land at each of the four regions for setting up stockyards. Siddiqui said the stockyards would help the company slash delivery time of cars.
''We currently have one model showroom, which is at Delhi that showcases our entire product range and we have plans to set up 16 such showrooms at all the 16 cities where we have regional offices,'' he said.
According to reports, the company would initially set up three stockyards in Bangalore, Maharashtra and either Uttar Pradesh or West Bengal.
MSIL also has plans for full localisation of its R&D by 2011-12 which will see its strength rise to 1,450 personnel from the present 1,000.
Siddiqui said that experienced research personnel from Detroit are being recruited, in the current global economic recession that has seen many of them consider shifting to India.
The company also intends to hire 3,000 employees in the next three years.