Suzuki to invest ¥150 billion for EV and battery manufacturing in India

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Suzuki recently announced its plans to manufacture electric vehicles (EV) and EV batteries in India after the Japanese automotive brand signed a Memorandum of Agreement (MoU) with the State of Gujarat, India.

KEY TAKEAWAYS

  • How much will Suzuki invest in its EV manufacturing in India?

    Suzuki will invest approximately ¥150 billion for manufacturing electrified vehicles in India.
  • When will Suzuki plan to start EV production?

    According to the memorandum, Suzuki plans to start in 2025.
  • Under the MoU, Suzuki will invest approximately ¥150 billion for manufacturing electrified vehicles in the country. The MoU was signed last March 19 at the India-Japan Economic Forum held in New Delhi, India, in the presence of Japanese Prime Minister Mr. Fumio Kishida and Indian Prime Minister Mr. Narendra Modi.

    Attending the signing ceremony were Suzuki Motor Corporation Representative Director and President Toshihiro Suzuki, Maruti Suzuki India Limited Managing Director and CEO Kenichi Ayukawa, and several senior government personnel from Japan and India.

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    According to the MoU, Suzuki Motor Gujarat Private Limited (SMG) will be in charge of increasing production capacity for BEV manufacturing by 2025 and constructing a facility for BEV batteries in 2026. Meanwhile, Maruti Suzuki Toyotsu India Private Limited (MSTI) will handle the construction of vehicle recycling plant in 2025.

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

    Photos from Suzuki

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