Indore: Maruti Suzuki is planning a medium term invement of Rs 6,000 crore, part of which will be utilised to build five vehicle stock yards in the country within one to two years, a senior executive said on Friday.

India's largest carmaker opened its first stock yard with a capacity to park 2,000 units in Bangalore, which became operational recently, Maruti Suzuki Chief General Manager (Marketing) Shanshank Srivastava said after launching the new version of `Swift' here.

The second yard would come up in Nagpur, while the locations for the rest are yet to be decided, he said, adding Madhya Pradesh may houses one of them.

Of the Rs 6,000-crore investment, Rs 1,800 was spent on the second manufacturing unit of the company at Manesar, near Delhi, which would be ready soon, Srivastava said. The third unit, which will also come up at Manesar, will attract an investment of Rs 1,900 crore.

Remaining funds would be utilised on a R&D facility at Rohtak (Haryana), stock yards and brand centres, he said.
The company envisages setting up 14 brand centres in the country to showcase its products, Srivastava said, adding the locations were yet to be worked out.

Speaking after the launch of new `Swift', he said, Maruti Suzuki's sale graph had risen sharply with nearly 12,000 units being per month in the country.

Swift enjoys 30 per cent market share in the premium hatchback segment, the official added.

(Agencies)