Suzuki Motor commits Rs 10,440 crore for EV plant in Gujarat

The plant which is expected to come up in Gujarat by 2026 will also help produce EVs in the country.

Autocar Pro News Desk By Autocar Pro News Desk calendar 19 Mar 2022 Views icon29638 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp

Suzuki Motor Corporation, the parent company of Maruti Suzuki which signed an MoU with the Gujarat government at the Indo-Japan Economic Forum in New Delhi on Saturday, will invest about Rs 10,440 crore in the state to strengthen its global EV foray, media reports have suggested.

The Japanese company will build an EV battery manufacturing facility in Gujarat which is slated to come up near SMC’s existing plant.

Toshihiro Suzuki, representative director and president of Suzuki Motor Corporation, told the forum that Suzuki's future mission is to achieve carbon neutrality with small cars. He added, "We will continue active investment in India to realise self-reliant India (Atma-Nirbhar Bharat)."

The first EV is expected to roll out by 2025 which will be sold in India as well as global markets.

Autocar India, this magazine’s sister publication has learnt that an annual production volume of around 125,000 cars is planned for both Maruti Suzuki and Toyota. Of this, 60,000 units is for the Indian market, 40,000 for Europe and around 25,000 for SMC’s home market.

Also read
Gujarat pulls it off yet again

 

 

 

RELATED ARTICLES
Pre-owned luxury car market picks up pace, Haryana’s Luxury Ride to expand into metro cities

auther Autocar Pro News Desk calendar28 Mar 2023

Karnal-based used luxury car start-up Luxury Ride to open dealerships in Mumbai and Bengaluru, aims to double sales to o...

Revolt Motors expands retail network to 50, targets 150 by June 2023

auther Autocar Pro News Desk calendar27 Mar 2023

Electric motorcycle OEM looks to speedily increase its reach across India; opens new showrooms in Raipur, Vapi, Bahadurg...

Saietta eyes e-drive exports from India to ASEAN, European markets

auther Autocar Pro News Desk calendar26 Mar 2023

UK-based e-drive system supplier, which is bullish on huge potential for its localised products in India, aims to also t...