The country has become the main source of income of the company and gradually becomes a strategic export center for its business in the field of electric vehicles.
Japanese automaker Suzuki Motor plans to invest nearly $ 8 billion in India for the next five to six years, Bloomberg reports.
According to the company’s general director Tosikhiro Suzuki, the company in Hansalpur (India) is about to become one of the world’s largest car -production centers with a design capacity of 1 million cars per year. Evitara electric cars, which will be made here, exported to more than 100 countries, including Japan and Europe. The first delivery will go to Europe, the Maruti Suzuki India Ltd subsidiary said
The manufacturer also invests in the local manufacture of lithium-ion batteries along with Toshiba and Denso to strengthen supplies for hybrid cars against the background of growing trade barriers. In addition to electric vehicles, Suzuki develops emissions reduction technologies, including hybrid installations and machines in compressed biogas.
Planned investment will support the approach to Maruti Suzuki, which has the potential to double its labor capacity in India by the end of a decade – up to 4 million cars a year.
For the Suzuki motor, India is a major market that pays for the collapse of demand in Europe and Japan.
We reminded, earlier reported that Xiaomi was entering the European Electric Vehicle Market in 2027.
Mercedes considers BMW cooperation in the field of gasoline
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.