Suzuki Invests $1.4 Billion In Indian EV Manufacturing | Carscoops carscoops
there had been plans to introduce an electric version of the Wagon R city car last year, but the idea was scrapped, with a lack of charging infrastructure cited.But as the nation aims to move away from oil dependence while reducing pollution levels in the country’s major cities, the investment is seen not only as a commitment to an electric future but an essential step towards India’s goals.
The company said that Suzuki Motor Gujarat will invest 31 billion Indian rupees to increase capacity for making BEVs by 2025. 73 billion Indian rupees will be spent on the construction of a battery plant. The MOU was signed in the presence of Japanese Prime Minister Fumio Kishida and Indian Prime Minister Narendra Modi, with Suzuki’s investment being part of a wider $42 billion investment in India from Japan.
“Suzuki’s future mission is to achieve carbon neutrality with small cars,” said Toshihiro Suzuki, Director and President of the Suzuki Motor Corporation. “We will continue active investment in India to realize Self-reliant India.”
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