Suzuki will invest ₹70,000 crores in India in the next 5-6 years, many new EV cars will be launched

Japanese automobile company Suzuki is going to invest more than Rs 70,000 crore in India in the next 5-6 years. This has been confirmed by Toshihiro Suzuki, Representative Director and President of Suzuki Motor Corporation. Suzuki said that the company has been a partner in India’s mobility journey for the last four decades. Therefore, it is ready to contribute to the country’s goal of sustainable green mobility and developed India. Toshihiro said, “We will use second-powertrain strategies including electric, strong hybrid, ethanol flex fuel and compressed biogas to achieve carbon neutrality and climate change goals.”

Toshihiro Suzuki thanked Prime Minister Narendra Modi for welcoming the company with open heart in Gujarat during his tenure as Chief Minister. The company’s Gujarat-based factory will soon become one of the world’s largest automobile manufacturing centers with an estimated production capacity of 1 million units. Apart from this, the company said that it will export batteries made in India to more than 100 countries including Europe and Japan.

Suzuki said that the company has chosen the Gujarat facility to manufacture the e-Vitara. Maruti Suzuki unveiled the e-Vitara on August 26. Suzuki said, “Our second big milestone is to start the production of India’s first lithium-ion battery and cells with electrode-level localization, which are used in our hybrid vehicles. These are being manufactured at the Toshiba Denso Suzuki plant. With only raw materials and some semi-conductor parts coming from Japan, this is a big salute to self-reliant India.”