BUSINESS

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BUSINESS

Suzuki to invest Rs. 38,200cr in Gujarat

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Gujarat investment plan

Suzuki Motor Corporation plans to invest Rs. 38,200 crore in Gujarat, with Rs. 35,000 crore allocated for a second car plant.

2

New production line

The remaining Rs. 3,200 crore will fund a new production line capable of producing 2.5 lakh units annually.

3

Electric vehicle launch

Suzuki also announced that the first battery electric vehicle from the company will be launched by year-end. This model will be available not only in India but also exported to Japan and Europe.

4

CEO credits Modi

CEO Toshihiro Suzuki credits PM Modi's leadership for the steady expansion of India's automobile market.

5

Current production capacity

Suzuki's current production capacity stands at 22 lakh units per year across its Haryana and Gujarat plants.