Society

Suzuki announces electric vehicle project in India

Mar 21 (Japan Times) - Japan's Suzuki Motor Corp. said Sunday that it will invest Y150 billion to make electric vehicles and batteries in India to support the country's decarbonization efforts.

The deal is part of Japan's Y5 trillion, five-year public and private investment plan in India that Japanese Prime Minister Fumio Kishida unveiled during a meeting with his Indian counterpart Narendra Modi in New Delhi on Saturday.

In a deal signed with the Indian state of Gujarat in the presence of two countries' prime ministers, Suzuki said it planned to increase production capacity for electric vehicle manufacturing in the state.

Through its investment, Suzuki will expand its vehicle plant in the Indian state of Gujarat so that it can also make electric vehicles and will establish an electric vehicle battery factory next to the vehicle plant.

In Gujarat, the company expects to start making electric vehicles in 2025 and batteries in 2026. Its investment will also be used to build a vehicle recycling plant in India, slated to begin operating in 2025. ...continue reading

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