Suzuki Motor to invest USD1.26 billion in India to locally produce EVs and batteries
Operations at Suzuki Motor Gujarat’s BEV and EV battery plants are slated to begin in 2025 and 2026, respectively
Japanese carmaker Suzuki Motor Corporation (SMC) has signed a memorandum of understanding (MoU) with the state of Gujarat, India to invest about JPY150 billion (USD1.26 billion) on local manufacturing of electric vehicles (EVs) and EV batteries, the company said in a regulatory filing on 20 March 2022.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
