TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Suzuki to invest $1.3 billion in India electric vehicle production
In a deal signed with the Indian state of Gujarat in the presence of visiting Japanese Prime Minister Fumio Kishida and Indian counterpart Narendra Modi, Suzuki said it planned to increase production capacity for electric vehicle manufacturing in the state.
Change Size
Activities in an automotive assembly plant for Suzuki-brand cars in Bekasi, West Java, in this file photo. BMI Research puts Indonesia in its to-watch list as the market of 250 million population is still widely untouched, hence giving rooms for rapid growth in several sectors that include manufacturing. (Kompas/Totok Wijayanto)
S
uzuki Motor will invest $1.3 billion into electric vehicle and battery production in India, the Japanese car maker said Sunday, as it accelerates long-term plans to achieve carbon neutrality.
In a deal signed with the Indian state of Gujarat in the presence of visiting Japanese Prime Minister Fumio Kishida and Indian counterpart Narendra Modi, Suzuki said it planned to increase production capacity for electric vehicle manufacturing in the state.
It aims to begin operations in 2025.
The company will also build a plant manufacturing EV batteries on land near its Gujarat plant, while a joint venture -- Maruti Suzuki Toyotsu India -- will construct a vehicle recycling facility at the same site, the statement said.
"Suzuki's future mission is to achieve carbon neutrality with small cars," the company's president Toshihiro Suzuki said.
The announcement comes as major automakers move to boost production of green cars in a bid to reduce emissions.
Early this month US car titan Ford said it would separate its conventional and electric-auto businesses as it steps up production of emission-free vehicles.
Sony also announced it was teaming up with Honda to create a joint venture that will develop and sell electric vehicles, after its January unveiling of the Vision-S, a new prototype.
Nissan, Renault and Mitsubishi Motors have promised to offer 35 new electric models over the next five years, while Toyota recently hiked its 2030 EV sales goal by 75 percent.
