No menu items!

Suzuki to invest $1.4 billion in India to boost EV infrastructure

Published on

Rate this post

https://e-vehicleinfo.com/suzuki-invests-1-4-billion-in-india-to-boost-ev-infrastructure/

  • Japan’s Suzuki to invest $1.4 BN in India to boost EV infrastructure

Suzuki signs MOU with the state of Gujarat for electric vehicle and battery manufacturing in India, to invest 150 Billion Yen towards carbon neutrality.

Suzuki Motor Corporation (SMC) signed MOU with the state of Gujarat, India to invest approximately 150billion Yen (approximately 104.4 billion Rupees) for local manufacturing of electric vehicles (BEV) and BEV Batteries.

the MOU Was signed on 19 March 2022 at Indian-japan Economic Forum held in New Delhi, India. In the presence of Japanese prime minister Mr. Fumio Kishida and Indian Prime minister Narendra Modi Ji.

Mr. Toshihir Suzuki, Representative Director and President, Suzuki Motor Corporation, and Mr. Kenichi Ayukawa, Managing Director & CEO, Maruti Suzuki Indian limited were joined by eminent senior government personnel of Indian and japan at the ceremony.

Speaking at the forum, Mr. Toshihiro Suzuki Said, ” Suzuki’s future mission is to achieve carbon neutrality with small cars”.

Further, he added,” we will continue active investment in India to realize self-reliant India (atman-Nirbhar-Bharat).” 

Highlights of the MOU

Sr. No.Signs of MOU With the state of Gujrat Description Investment Planned Year
1.Suzuki Motor Gujarat Pvt Ltd. (SMG)Increasing production capacity for BEV manufacturing 31 Billion Rupees 2025
2.Construction of the plant for BEV Batteries (land neighboring to SMG)73 Billion Rupees 2026
3.Maruti Suzuki Toyotasu India Pvt Ltd (MSTI)Construction of vehicle recycle plant 450 million Rupees 2025

Read More: list of Electric Vehicle Battery Manufacturers in India

Electric Vehicle Info
Electric Vehicle Infohttps://e-vehicleinfo.com
E-vehicle info - India's First integrated platform for all-new electric vehicle updates | Electric mobility Updates | EVs News.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Recent articles

Tata Nexon EV Battery Price and Replacement Cost (2024)

The Tata Nexon EV dominated the electric four-wheeler market in India in 2023, capturing...

Key Benefits of Ola Electric IPO for Investors

👉🏻 Valuation Update: The valuation of Ola Electric's IPO is likely to be $4...

Ola Electric Fined Nearly 2 Lakhs over faulty Electric Scooter

Recently, a consumer court in Bengaluru levied a fine of Rs 1.94 lakh on...

Top 8 Electric Car Conversion Kits With Price & Companies

Are you interested in driving an electric car but not quite ready to buy...

Read More

Tata Nexon EV Battery Price and Replacement Cost (2024)

The Tata Nexon EV dominated the electric four-wheeler market in India in 2023, capturing...

Key Benefits of Ola Electric IPO for Investors

👉🏻 Valuation Update: The valuation of Ola Electric's IPO is likely to be $4...

Ola Electric Fined Nearly 2 Lakhs over faulty Electric Scooter

Recently, a consumer court in Bengaluru levied a fine of Rs 1.94 lakh on...

Top 8 Electric Car Conversion Kits With Price & Companies

Are you interested in driving an electric car but not quite ready to buy...

CATL’s Breakthrough EV Battery: 1.5 million Km and 15 Years of Performance

CATL, the world’s leading battery manufacturer, has introduced a new electric vehicle battery pack...

Ola Electric to launch MoveOS 5 soon New Features out

Ola Electric, one of the leading electric scooter companies, consistently presents appealing offers to...