Car plants to double output

All the five car assembly plants will see their annual capacity going up to over half a million units by 2011-12. They plan to invest (agregate) Rs. 60 billion for the purpose. The five are: Honda, Suzuki, Dewan, Indus (Toyota) and Nissan.

This will take their capacity (aggregate) to 516,000 cars/ units as compared to their present capacity of 253,000. They also hope to create 13,900 more jobs and contribute Rs. 103 billion to the national kitty by way of taxes.

Honda will invest another Rs. 10.5 billion (present Rs. 3.48 billion) to achieve a capacity of 100,000 units from the present 50,000. It will contribute Rs. 28 billion in taxes and increase its jobs to 2,600 (current 1,400 jobs).

Suzuki plans to invest Rs. 27 billion (present Rs. 8 billion) to increase its yearly production to 250,000 units from the current 110,000. It will generate Rs. 32 billion in taxes and employ 4,500 people against the current 2,500.

Dewan Motors will invest Rs. 4.3 billion (current Rs. 3 billion) to nearly double its capacity to 48,000 units from 25,000. This investment would create 2,000 jobs and contribute Rs. 6 billion as taxes.

Indus (Toyota) will invest Rs. 14 billion (present Rs. 4 billion) to increase its capacity to 100,000 units from the present 50,000 units. It hopes to contribute Rs. 31.95 billion more in taxes (present Rs. 14.60 billion). The expansion would create 3,600 jobs.

Nissan plans to increase its production to 18,000 units from the current 13,000 units. For this it plans to increase its investment to Rs. 1.65 billion (present Rs. 1.15 billion). It will throw up 600 more jobs (present 600) and also pay Rs. 5.19 billion in taxes.

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