The Maruti Futuro-e Concept
Suzuki Motor Corp plans to invest approximately 104.4 billion rupees (~RM 5.7 billion) in its Indian operations to ramp up production of electric vehicles (EVs) and batteries there, said the company in a recent statement.
The Suzuki Motor Gujarat Private Limited (SMG) plant
Of the amount, 31 billion rupees (~RM 1.7 billion) will go towards increasing production capacity of BEVs, and 73 billion rupees (~RM 4.1 billion) is to be directed to the construction of a new plant for BEV battery manufacturing.
The remaining 450 million rupees (~RM 24.8 million), will be channeled towards Maruti Suzuki Toyotsu India Private Limited (MSTI) for the building of a vehicle recyling facility.
The Japanese automaker – parent of India's largest automaker, Maruti Suzuki – accounts for around half of the new cars sold in the country yearly.
Suzuki Misano EV concept
Said Toshihiro Suzuki, Representative Director and President of Suzuki Motor Corporation, “Suzuki's future mission is to achieve carbon neutrality with small cars.”
Keyword: Suzuki to invest RM 5.8 billion in India, to ramp up production of EVs