Ad
Ad
Suzuki's $4B Gujarat investment ignites an electric revolution, expanding production and sustainability, unveiling a future-forward vision at Vibrant Gujarat.
In a major development at the ongoing Vibrant Gujarat summit, Toshihiro Suzuki, the global CEO of Suzuki Motor Corporation, revealed the company's ambitious plan to invest $4.21 billion (Rs 38,200 crore) in Gujarat. The investment aims to establish an additional 1.25 million units production capacity, marking a significant leap for the Suzuki's operations in the state.
Suzuki Motor Corporation is not just stopping at expanding its conventional production capabilities. The company is also set to invest Rs 3300 crore in establishing a 2.5 lakh units electric vehicle production capacity at Suzuki Motor Gujarat. Additionally, a whopping Rs 35000 crore will be poured into setting up a 1 million unit capacity by Maruti Suzuki, emphasizing the growing significance of the electric vehicles in Suzuki's global strategy.
Ad
Ad
Addressing the gathering at the 10th Global Summit of Vibrant Gujarat, Toshihiro Suzuki credited Prime Minister Modi's "progressive approach" and India's impressive growth for the decision to invest in the future. He highlighted that the first battery electric vehicle from the Suzuki Group would roll out from Suzuki Motor Gujarat by the end of the year. Moreover, Suzuki also aims to not only serve the Indian market but also plans to export this model to Japan and other European countries.
Currently boasting a cumulative production capacity of around 22 lakh units per annum across its plants in Haryana and Gujarat, Suzuki Motor Corporation is making progress in elevating its production capabilities. The two plants in Haryana, together producing approximately 15.5 lakh units per annum, are complemented by Suzuki Motor Gujarat, with an installed production capacity of 7.5 lakh units per year.
Suzuki's expansion doesn't end just here as the company is already in the process of setting up a new manufacturing plant at Sonipat in Haryana. This new facility, with an initial investment of Rs 11,000 crore, is set to have a manufacturing capacity of 2.5 lakh units per annum in its first phase, expected to be commissioned by the next year.
President of Suzuki Motors, Toshihiro Suzuki, emphasized Suzuki's commitment to the electric vehicle market. He announced a further investment of Rs 3200 crore in Suzuki Motor Gujarat to add a new 4th production line, capable of producing 2.5 lakh units per year. This move will elevate Suzuki Motor Gujarat's annual production capacity from the current 7.5 lakh to an impressive 1 million units, underscoring the company's dedication to a sustainable and electrifying future.
As Suzuki Motor Corporation propels itself into a new era, the automotive industry eagerly watches the unfolding of these monumental investments that are set to reshape the landscape of car manufacturing in India and beyond.
New Toyota Camry Launching in India on December 11 – What's New?
The all-new Toyota Camry, launching in India on December 11, brings updated design, interior tech, and improved hybrid efficiency. Learn more about its specs.
18-Nov-2024 09:42 AM
Read Full NewsNew Toyota Camry Launching in India on December 11 – What's New?
The all-new Toyota Camry, launching in India on December 11, brings updated design, interior tech, and improved hybrid efficiency. Learn more about its specs.
18-Nov-2024 09:42 AM
Read Full NewsMahindra's XEV 9e and BE 6e Final Designs Revealed
Discover Mahindra's XEV 9e and BE 6e final production designs, maintaining their bold concept looks with futuristic features and competitive battery packs, ahead of the November 26 global reveal.
18-Nov-2024 06:19 AM
Read Full NewsMahindra's XEV 9e and BE 6e Final Designs Revealed
Discover Mahindra's XEV 9e and BE 6e final production designs, maintaining their bold concept looks with futuristic features and competitive battery packs, ahead of the November 26 global reveal.
18-Nov-2024 06:19 AM
Read Full NewsAll-New Volvo ES90: A Premium Electric Sedan Launching March 2025
The all-new Volvo ES90 electric sedan, set for a global debut in March 2025. A premium EV rival to the BMW i5 and Mercedes EQE with advanced technology and up to 600km range.
18-Nov-2024 05:04 AM
Read Full NewsAll-New Volvo ES90: A Premium Electric Sedan Launching March 2025
The all-new Volvo ES90 electric sedan, set for a global debut in March 2025. A premium EV rival to the BMW i5 and Mercedes EQE with advanced technology and up to 600km range.
18-Nov-2024 05:04 AM
Read Full NewsNew-Gen Audi A5L Long-Wheelbase Sedan Revealed for China – Will It Come to India?
Audi has unveiled the new-gen A5L long-wheelbase sedan for China, debuting at Auto Guangzhou. Discover its features, specs, and the potential for an Indian release.
16-Nov-2024 09:37 AM
Read Full NewsNew-Gen Audi A5L Long-Wheelbase Sedan Revealed for China – Will It Come to India?
Audi has unveiled the new-gen A5L long-wheelbase sedan for China, debuting at Auto Guangzhou. Discover its features, specs, and the potential for an Indian release.
16-Nov-2024 09:37 AM
Read Full News2024 BMW M340i Launched at Rs 74.9 Lakh: Updates, Price, and Features
The updated BMW M340i gets new colours, adaptive suspension, and interior updates, now priced at Rs 74.9 lakh. Find out more about the performance sedan.
15-Nov-2024 09:48 AM
Read Full News2024 BMW M340i Launched at Rs 74.9 Lakh: Updates, Price, and Features
The updated BMW M340i gets new colours, adaptive suspension, and interior updates, now priced at Rs 74.9 lakh. Find out more about the performance sedan.
15-Nov-2024 09:48 AM
Read Full NewsVinFast to Import VF-e34 to India, Launch by Late 2024
Vietnam's VinFast plans to import VF-e34 and VF5 EVs to India by late 2024. Learn about the company's strategy, pricing, and future plans for local production.
15-Nov-2024 07:07 AM
Read Full NewsVinFast to Import VF-e34 to India, Launch by Late 2024
Vietnam's VinFast plans to import VF-e34 and VF5 EVs to India by late 2024. Learn about the company's strategy, pricing, and future plans for local production.
15-Nov-2024 07:07 AM
Read Full NewsAd
Ad
Maruti Dzire
₹ 6.79 - 10.14 Lakh
Skoda Kylaq
₹ 7.89 Lakh
Mercedes-Benz AMG G-Class
₹ 3.60 Cr
Mercedes-Benz E-Class
₹ 78.50 - 92.50 Lakh
Mahindra BE 6e
₹ 17.00 - 21.00 Lakh
Mahindra XEV 9e
₹ 50.00 - 52.00 Lakh
Audi New Q7
₹ 89.00 - 98.00 Lakh
BMW M3 Facelift
₹ 1.47 Cr
Honda New Amaze
₹ 7.50 - 10.00 Lakh
Ad
Ad
Ad