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 icon19205 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
The PM with heads of business at the Indo-Japan Economic Forum

The PM with heads of business at the Indo-Japan Economic Forum

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




Honda’s 125cc bikes clock 3 million sales in eastern India, Bihar is top buyer

auther Autocar Pro News Desk calendar17 May 2024

Cumulative sales of the Shine 125 and SP125 record a new milestone; with 1.15 million units, Bihar accounts for 35 perce...

Kia India launches live video streaming of vehicles being serviced

auther Autocar Pro News Desk calendar10 May 2024

Available through the My Kia app, Kia Krystal offers access to all details, including explanations of work, costs, and r...

Tata Motors’ Lucknow plant rolls out 900,000th commercial vehicle

auther Autocar Pro News Desk calendar07 May 2024

Since its inception in 1992, the facility has rolled out cargo and passenger CVs including light, intermediate, medium a...