Maruti Suzuki has announced a substantial investment plan of nearly ₹5,000 crores for establishing a second manufacturing plant in Gujarat.

Investment Details

Strategic Expansion

This investment represents a significant expansion move by India's leading automobile manufacturer in Gujarat state. The establishment of a second manufacturing facility indicates the company's commitment to strengthening its production capabilities in the region.

The substantial financial commitment of nearly ₹5,000 crores underscores the strategic importance of this expansion initiative for the automotive giant's future operations.

Maruti Suzuki India Limited and Indian Oil Corporation Limited have signed a Memorandum of Understanding to establish vehicle service facilities at select IOCL fuel retail outlets across India. The strategic partnership aims to integrate automotive servicing with refueling operations, creating a comprehensive one-stop solution for car owners.

Partnership Details and Service Integration

The collaboration will enable Maruti Suzuki customers to access routine maintenance, minor repairs, and major services at IOCL fuel stations. This integration is designed to leverage Indian Oil's extensive retail network while expanding Maruti Suzuki's after-sales service capabilities.

Network Expansion and Market Reach

The partnership will significantly expand service accessibility by tapping into Indian Oil's network of over 41,000 fuel stations nationwide. This collaboration will complement Maruti Suzuki's existing service infrastructure, which currently comprises over 5,780 service touchpoints across 2,882 cities in India.

Management Perspectives

Ram Suresh Akella, Executive Officer (Service) at Maruti Suzuki, emphasized that the partnership with the Maharatna enterprise would take after-sales service to locations frequently visited by customers. He described the collaboration as bringing the mobility and energy sectors together to enhance accessibility and convenience for car owners.

Saumitra P. Srivastava, Director (Marketing) at IndianOil, highlighted the company's commitment to enhancing customer experience at fuel stations through value-added services. He noted that IndianOil's extensive retail presence positions it to bring essential services closer to consumers by integrating automotive maintenance with energy offerings.

Market Performance

Both companies saw positive stock performance, with shares reflecting investor confidence in the strategic partnership:

The companies have advised customers that services offered at each touchpoint may vary, recommending advance contact with respective service facilities to confirm available services before visiting.