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India’s largest carmaker, Maruti Suzuki India, has paid Rs 2,100 crore to Haryana State Industrial & Infrastructure Development Corporation or HSIIDC to acquire 800 acres of land in Haryana’s Sonepat district for setting up a third plan. The carmaker will invest Rs 11,000 crore in the first phase to set up an installed capacity of 250,000 units, and hopes to further expand capacity and achieve full capacity utilisation of 1 million units in the next eight years. The amount of Rs 2,131 crore was paid by Maruti to HSIIDC with Suzuki Motorcycle contributing Rs 266 crore. This takes the total Suzuki investment in land to Rs 2,366 crore. The Haryana chief minister said that this is one of the largest single-deal transactions for the Haryana government.
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