This new facility will take Maruti Suzuki's combined manufacturing capability to 2 million units.
State Bank of India rose 3.5% to 2, 255.85 rupees, while car maker Maruti Suzuki India gained 3.4% to 1, 420.45.
Suzuki, whose affiliate Maruti Suzuki has almost 50% of the Indian market, should have been the perfect partner there.
ECONOMIST: Germany��s biggest carmaker is leaving rivals in the dust
And Maruti Suzuki, India's biggest carmaker, more than doubled its sales in rural areas in the year to March 2009.
Maruti Suzuki, a joint venture between Maruti and Japan's Suzuki Motor Corporation, has a 50% share of India's booming car market.
"I don't think those goals are going to happen in that time frame" said RC Bhargava, chairman of Maruti Suzuki, India's number one carmaker.
Maruti Suzuki is currently adding to its production at Manesar, where a third assembly line for 250, 000 vehicles a year will go on stream before 2014.
MUMBAI--Maruti Suzuki (India) Ltd. will shut one of its factories that manufactures gasoline-run cars for a day on Saturday to reduce its stock pile as demand in the country's auto market remains weak.
The troubled Maruti Suzuki plant in India's Haryana state has remained shut for the second day on Friday following Wednesday's violent clashes that left a company official dead and 85 injured, including two Japanese citizens.
But its 15% share of the Indian passenger car market pales in comparison with that of Maruti Udyog, the Suzuki-partnered company with a 55% stake.
But its 15% share of the Indian passenger car market pales in comparison with that of Maruti Udyog, the Suzuki (other-otc: SZKMF - news - people )-partnered company with a 55% stake.
The coming autos will challenge India's best-selling mass-market passenger car, the Maruti 800 manufactured by Japan's Suzuki Motor Corp. in a 50-50 venture with the Indian government.
The Maruti Zen is already being sold as the Suzuki Alto in 50 countries.
Mr Shourie's confidence in the appetite for the sales stems from the government's successful disposal last month of a 27.5% stake in Maruti, India's largest car maker, whose joint venture with Suzuki spearheaded the modernisation of India's car industry 20 years ago.
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