Suzuki Announces Rs 70,000 CR Investment In India By 2031; New Hybrid Cars In Pipeline?
Japanese automaker Suzuki Motor Corporation will invest Rs 70,000 crore in India over the next five to six years to expand its operations and support the country’s green mobility push, company president Toshihiro Suzuki announced on Tuesday.
The announcement came at an event where Prime Minister Narendra Modi flagged off exports of Maruti Suzuki’s first electric vehicle, the eVitara, to 100 countries, and inaugurated domestic production of lithium-ion battery cells for hybrid vehicles.
Suzuki said the Gujarat plant of Maruti Suzuki, which produces the eVitara, will serve as the global production hub for the company’s first battery electric vehicle. The first batch will be shipped from Pipavav port to markets across Europe, including the UK, Germany, France, Italy, and the Nordic region, with exports to Japan also planned.
The automaker noted that the Gujarat facility is on track to become one of the world’s largest automobile manufacturing hubs, with a planned capacity of 1 million units annually.
Alongside the EV rollout, Suzuki confirmed that production has begun for India’s first lithium-ion battery cells with electrode-level localisation at the Toshiba Denso Suzuki plant. These cells will be used in the company’s hybrid vehicles, with only raw materials and some semiconductor components imported from Japan.
Suzuki emphasised that its long-term strategy in India will rely on multiple powertrain technologies, including electric, strong hybrid, ethanol flex-fuel, and compressed biogas, as part of its carbon neutrality roadmap. The group has already invested over Rs 1 lakh crore in India, creating more than 11 lakh direct jobs in the automotive value chain.
(With inpus from PTI)
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