Maruti allocates Rs 4,500 crore capex for FY18

India’s top carmaker Maruti Suzuki India (MSI) has set aside Rs 4,500 crore capital expenditure for the current financial year

Speaking to reporters, MSI Chairman RC Bhargava said, “Capex for this year (2017-18) is Rs 4,500 crore.”

He further said that the amount would be spent on various activities including replacement of machinery, R&D and marketing initiatives.

On R&D alone, the company plans to invest in the range of Rs 700-1,000 crore, he said, adding that some portion of the capital expenditure (capex) could also go towards the acquisition of land for expansion of sales and service network.

Image Credit : bsmedia.business-standard.com

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