Suzuki Motorcycle India Pvt Ltd (SMIPL), the wholly-owned two-wheeler arm of Suzuki Motor Corp, is considering setting up a new plant in the country that could entail a minimum investment of Rs 500 crore, said a top company official.
SMIPL, which today launched its new 155cc cruiser model Intruder priced at Rs 98,340 (ex-showroom Delhi), will also exit from commuter segment motorcycle to focus on premium bikes and scooters as it chases one million unit sales annually by 2020 in India.
"Our target is to sell one million units by 2020. Up to one million we can use the existing plant (at Gurugram) but beyond that we have to consider a new plant. We expect to take a decision on it by next year," SMIPL Managing Director Satoshi Uchida told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)