Maruti Suzuki India plans to invest over Rs 7,000 crore this year on various initiatives, including the construction work of its new plant in Haryana and new model launches, according to company CFO Ajay Seth.
The country's largest carmaker has already commenced work at the new facility in Sonipat district.
The Kharkhoda-based plant, the company's third set-up in the country, is expected to be operational by 2025 with an installed production capacity of 2.5 lakh units in the first phase.
Currently, Maruti Suzuki India (MSI) has a cumulative production capacity of over 22 lakh units per annum across its two manufacturing plants in Haryana and parent Suzuki Motor's facility at Gujarat.
The two plants in Haryana -- Gurugram and Manesar -- together roll out around 15.5 lakh units per annum.
In May, the auto major had announced to invest Rs 11,000 crore in the first phase of the Sonipat facility.
"We will be spending upwards of Rs 7,000 crore this year," Seth said in an analyst call. Elaborating on the investment plans, he said the earmarked amount would cover various activities.
"We'll have to place orders to various vendors (for the Sonipat plant). So, that will be one major portion of the capex," Seth noted.