Suzuki To Invest $1.4 Billion In Gujarat To Build EVs

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“Suzuki’s future mission is to achieve carbon neutrality with small cars.” He added, “We will continue active investment in India to realize Self-reliant India (Atma-nirbhar Bharat),” said Toshihiro Suzuki

Gujarat is set to become a hotspot for EV manufacturing as Japanese auto major Suzuki Motor Corporation (SMC) is looking to invest approximately 150 billion yen (INR 10,440 crore) for local manufacturing of electric vehicles (BEV) and BEV batteries.

The company has also signed an MOU with the State of Gujarat at India-Japan Economic Forum held in New Delhi, India, in the presence of Japanese Prime Minister Fumio Kishida and Indian Prime Minister Narendra Modi.

Suzuki Motor Corp was represented by Toshihiro Suzuki, representative Director and President, Suzuki Motor Corporations, while Kenichi Ayukawa, Managing Director & CEO, Maruti Suzuki India Limited was also present along with other senior government personnel of India and Japan.

“Suzuki’s future mission is to achieve carbon neutrality with small cars.” He added, “We will continue active investment in India to realize Self-reliant India (Atma-nirbhar Bharat),” said Toshihiro Suzuki.

Maruti is considered a laggard in the area of electric vehicles with no product in the market yet even as the likes of Tata Motors have surged ahead with multiple offerings and a steady pipeline of products.

Suzuki has also reportedly decided to build a new electric vehicle production line in India with the aim of starting operations as early as 2025.

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