Suzuki to invest $8B in India to expand production, exports
What's the story
In a major development, Suzuki Motor, one of the top Japanese automakers, has announced an investment of $8 billion (roughly ₹69,000 crore) in India in the next six years.
The company's President Toshihiro Suzuki announced the plan at a news conference in Japan today.
The move comes as part of Suzuki's efforts to boost its production capacity and make India a global export hub.
Production goals
Suzuki aims to produce 4 million vehicles annually in India
Suzuki's investment comes in line with its new medium-term management plan, which runs until March 2031.
The company's president said, "We will build our production capacity of four million units per year [in India] to meet the demand in India and to expand as an export base."
This ambitious target highlights Suzuki's commitment to harnessing India's potential as a global automotive giant.
Export expansion
Suzuki's investment to boost India's role in global exports
Suzuki's massive investment will likely cement India's place as a major hub for global exports.
The Japanese automaker has been present in India for more than three decades through its subsidiary Maruti Suzuki.
The recent investment announcement marks a major expansion of its operations and a strategic pivot toward making India a key component of its global supply chain.