logo
Suzuki Motorcycle India To Invest Rs 1200 Crore In Manufacturing Plant In Haryana

Suzuki Motorcycle India To Invest Rs 1200 Crore In Manufacturing Plant In Haryana

NDTV21-05-2025

Suzuki Motorcycle India Private Limited (SMIPL) has begun constructing its second manufacturing facility in India, situated in the Industrial Model Township (IMT) in Kharkhoda, Haryana. This development is part of the company's strategic plan to increase production capacity, promote environmental sustainability, and contribute to the economic growth of the region.
The plant will require an investment of about Rs 1,200 crore and is expected to start operations by 2027, with an annual production goal of 750,000 units in its first phase. Covering 100 acres, it will have 25 acres for manufacturing and an equal area for green spaces. This new production plant is integral to SMIPL's plan to address the increasing demand for its products in India while also promoting local growth and employment opportunities.
The ceremony to lay the foundation stone was attended by senior officials from Suzuki Motor Corporation, Japan, including Kenichi Umeda, Managing Director of SMIPL. Local officials, like Dr. Manoj Kumar, the Deputy Commissioner of Sonipat, and Kyoko Hokugo, Minister of Economics at the Japanese Embassy in India, were also present.
Once it is running, the plant is expected to create around 2,000 jobs and improve Suzuki's supply chain and customer service in India. The facility will use lean manufacturing techniques and include modern automation and energy-efficient systems to help meet Suzuki's sustainability goals.
Suzuki Motorcycle India currently offers a diverse range of two-wheelers Indian customers across various segments including models like Access 125, Avenis, Burgman Street 125, Gixxer, V-Strom SX, and others.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 4 June 2025
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 4 June 2025

Mint

time30 minutes ago

  • Mint

Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 4 June 2025

Breakout stocks buy or sell: Indian stock markets closed in the red on Tuesday, as both the Sensex and Nifty 50 extended their losing streak to a third straight session. By the close of trading, the BSE Sensex had dropped 636.24 points, or 0.78%, settling at 80,737.51. Meanwhile, the NSE Nifty 50 slipped 174.10 points, or 0.70%, to end at 24,542.50. Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment is cautious to positive as the Nifty 50 index is sustaining above 24,500. Speaking on the outlook of Indian stock market, Bagadia said, ' On breaching this support the market bias may turn weak and the key benchmark index may try to test 24,150 to 24,200 levels. On the upper side, the 50-stock index is facing hurdle at 24,800. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option." Sumeet Bagadia recommends five shares to buy today — Deepak Frtlsrs and Ptrchmcls Corp, Authum Investment & Infrastructure, GE Vernova T&D India, Signatureglobal (India), and India Cements. 1] Deepak Frtlsrs and Ptrchmcls Corp: Buy at ₹ 1540.10, target ₹ 1663, stop loss ₹ 1486; 2] Authum Investment & Infrastructure: Buy at ₹ 2473.6, target ₹ 2647, stop loss ₹ 2387; 3] GE Vernova T&D India: Buy at ₹ 2340.10, target ₹ 2504, stop loss ₹ 2258; 4] Signatureglobal (India): Buy at ₹ 1258.7, target ₹ 1360, stop loss ₹ 1214; 5] India Cements: Buy at ₹ 351.7, target ₹ 380, stop loss ₹ 339. Disclaimer: The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.

'Daring, Dynamic, Different': Ponting hails PBKS young guns despite final loss
'Daring, Dynamic, Different': Ponting hails PBKS young guns despite final loss

Time of India

time31 minutes ago

  • Time of India

'Daring, Dynamic, Different': Ponting hails PBKS young guns despite final loss

/ Jun 04, 2025, 06:42AM IST After Punjab Kings' narrow defeat in the IPL 2025 final, head coach Ricky Ponting praised the franchise's uncapped Indian players for their standout performances throughout the season. Highlighting a "total rebuild" strategy, Ponting lauded youngsters like Prabhsimran Singh, Priyansh Arya, and Nehal Wadhera for making PBKS an exciting, dynamic unit. While admitting a bit of inexperience may have cost them the title, he sees a bright future ahead for the core group.

Scoda Tubes IPO listing date today. GMP, analysts signal positive share debut on BSE, NSE
Scoda Tubes IPO listing date today. GMP, analysts signal positive share debut on BSE, NSE

Mint

time32 minutes ago

  • Mint

Scoda Tubes IPO listing date today. GMP, analysts signal positive share debut on BSE, NSE

Scoda Tubes IPO Listing: The equity shares of stainless-steel tubes and pipes manufacturer Scoda Tubes Ltd will make their debut in the Indian stock market today after the recent conclusion of its initial public offering (IPO). Scoda Tubes IPO listing date is today, 4 June 2025. Scoda Tubes IPO was open for subscription from May 28 to May 30. The IPO allotment was fixed on June 2, and Scoda Tubes IPO listing date is June 4, Wednesday. Scoda Tubes shares will be listed on both the stock exchanges, BSE and NSE. 'Trading Members of the Exchange are hereby informed that effective from Wednesday, June 04, 2025, the equity shares of Scoda Tubes Limited shall be listed and admitted to dealings on the Exchange in the list of 'T' Group of Securities,' a notice on the BSE said. Scoda Tubes shares will be in the Trade-for-Trade segment for 10 trading days. The stock will be a part of the Special Pre-open Session (SPOS) on Wednesday, June 4, 2025, the BSE notice added, and the shares will be available for trading from 10:00 AM. Ahead of the Scoda Tubes IPO listing, investors watch out for the trends in Scoda Tubes IPO grey market premium (GMP) today to gauge the listing price. Scoda Tubes IPO GMP today and analyst signal listing at a mild premium. Scoda Tubes IPO GMP is showing a bullish trend. According to market analysts, Scoda Tubes IPO GMP today is ₹ 20 per share. This means that in the grey market, the Scoda Tubes shares are trading higher by ₹ 20 apiece than their issue price. Scoda Tubes IPO GMP today signals the estimated Scoda Tubes IPO listing price would be ₹ 160 per share, which is at a premium of 14% to the issue price of ₹ 140 per share. Analysts also predict Scoda Tubes IPO listing price to be at a premium. 'Scoda is valued at a P/E of 30.43x and a P/B of 8.76x on FY24 basis reasonably in line with industry peers, and we are expecting 10%-12% listing gains and IPO allotted investors can hold for medium to long term,' said Mahesh Ojha, AVP - Research and Business Development, Hensex Securities Pvt Ltd. Scoda Tubes Ltd. is a stainless-steel tubes and pipes manufacturer based in India having over 14 years of experience. The industry forecast indicates healthy growth for the Indian SS pipes and tubes which is projected to expand at a CAGR of 6% - 8% for the FY24-FY29E period. The bidding for Scoda Tubes IPO began on Wednesday, May 28, and ended on Friday, May 30. The IPO allotment date was June 2, and the Scoda Tubes IPO listing date is today, June 4, Wednesday. Scoda Tubes IPO price band was fixed at ₹ 140 per share. The company raised ₹ 220 crore from the IPO which was entirely a fresh issue of 1.57 crore equity shares. The public issue was subscribed 53.78 times in total. The retail investors' portion was booked 19.40 times, while the non-institutional investors (NII) category was subscribed 113.03 times. The qualified institutional buyers (QIBs) portion received 69.51 times subscription. Monarch Networth Capital Ltd is the book-running lead manager of the Scoda Tubes IPO, while MUFG Intime India (Link Intime) is the IPO registrar. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store