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Title : Suzuki Motors plans to invest Rs 950 crore in EV production in India: Report
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Suzuki Motors plans to invest Rs 950 crore in EV production in India: Report

Japanese media recently reported that automaker Suzuki Motors has about 950 crore ($ 1.26 billion) investment plants in the Indian market. This investment will focus on the production of electric vehicles and batteries.

Japanese Prime Minister Fumio Kishida arrives in India on Saturday to meet with his Indian counterpart Narendra Modi.

The Nikkei business daily reported that Suzuki’s investment plan will be part of Kishida’s announcement during a trip to plans to invest 5 trillion yen in India over the next five years.

read more: The Maruti 800 was converted into an 8-seater vehicle, with two cars paired side by side

Suzuki has decided to launch a new line of electric vehicle products in India with the aim of starting operations by 2025, but Nikkei has not identified the source of its report.

A Suzuki Motor spokesman declined to confirm the reports. In the current scenario, Maruti is focusing on making CNG vehicle options in India for current car models like Suzuki, Celerio and WagonR.

However, the competition from Maruti Suzuki in India like Tata Motors, MG, Hyundai is one step ahead in selling affordable electric vehicles in the Indian car market like Tata Nexon EV, MG ZS EV.

With Reuters entries

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