The provided article draft appears to contain only website navigation elements and menu structure without any actual news content about the mentioned Maruti Suzuki land deal. To produce a comprehensive financial news article about the Rs 4,960 crore land deal for capacity addition in Gujarat facility, the following information would be required:

Missing Essential Data

• Financial details and breakdown of the Rs 4,960 crore investment
• Specific location and size of the land acquisition in Gujarat
• Timeline for the capacity addition project
• Expected production capacity increase
• Board approval details and voting information
• Impact on company's manufacturing footprint
• Strategic rationale for the expansion

Without this fundamental information, a factual and comprehensive article cannot be produced while adhering to journalistic standards of accuracy and completeness.

Maruti Suzuki India has announced a major capacity expansion initiative with its board approving a ₹4,960-crore proposal to acquire land and enhance manufacturing capabilities in Gujarat. The decision, taken during the board meeting on Monday, represents a significant step in the company's growth strategy to meet increasing market demand.

Expansion Details and Investment Breakdown

The board has granted approval to acquire land for expanding production capacity at Khoraj Industrial Estate from Gujarat Industrial Development Corporation. The proposed capacity addition will be substantial, with plans to increase production by up to 10 lakh units (1 million units).

The company clarified that the overall investment for the project will be finalized and approved by the board while framing the phases of installation of capacity. The ₹4,960-crore amount specifically covers land acquisition, development, and preparatory activities.

Current Manufacturing Capacity and Utilization

Maruti Suzuki India currently operates with substantial manufacturing capabilities across multiple locations. The company's existing production infrastructure demonstrates its established presence in the Indian automotive sector.

The existing capacity includes units produced at the erstwhile Suzuki Motor Gujarat Pvt Ltd, which has been amalgamated with the company. The full utilization of current capacity underscores the necessity for this expansion to meet growing market demand.

Strategic Context and Future Plans

This land acquisition forms part of a larger strategic initiative announced by Suzuki Motor Corporation. In 2024, Suzuki Motor Corporation President Toshihiro Suzuki announced that the company's Indian arm would invest ₹35,000.00 crores to establish its second manufacturing facility in Gujarat with an installed production capacity of 10 lakh units per annum.

The Gujarat expansion represents Maruti Suzuki's commitment to strengthening its manufacturing footprint in India while addressing the growing demand in the domestic automotive market. The phased approach to capacity installation will allow the company to manage investment efficiently while scaling production capabilities systematically.