Maruti Suzuki India Limited (MSIL) has received board approval for a significant investment of ₹4,960 crore for the acquisition of land in Gujarat, aimed at substantially expanding its vehicle production capacity. The land will be acquired at the Khoraj Industrial Estate from the Gujarat Industrial Development Corporation. This initial investment covers the cost of land acquisition, development, and preparatory activities for a new manufacturing facility. The proposed expansion is set to add up to one million (10 lakh) units annually to Maruti Suzuki's production capability, a crucial step given that the company's existing manufacturing capacity, which currently stands at approximately 2.4 million (24 lakh) units across its plants in Gurugram, Manesar, Kharkhoda, and Hansalpur, is operating at full utilization. The decision to expand is driven by robust growth in both domestic market demand and export volumes. While the ₹4,960 crore is allocated for land and preparatory work, the overall investment outlay and the phased timeline for the installation of the new capacity will be finalized and approved by the board at a later stage. The company plans to finance this expansion through a combination of internal accruals and external borrowings. This strategic move underscores Maruti Suzuki's commitment to strengthening its manufacturing footprint in India and preparing for future market growth, reinforcing its leadership position in the Indian passenger vehicle segment.