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Suzuki Motor to invest USD2.3 billion in 2 new plants in India
Japanese automaker Suzuki Motor Corporation recently held a cornerstone laying ceremony for a new automobile plant and a battery electric vehicle (BEV) battery plant in India.
The new automobile plant in Kharkhoda will be established by Suzuki’s subsidiary in India, Maruti Suzuki India Limited, and is scheduled to become operational in 2025. The plant will have an initial capacity of 250,000 units. Investment in this new automobile plant is INR110 billion (USD1.38 billion).
The BEV battery plant in Gujarat will be established by Suzuki Motor Gujarat Private Limited, a subsidiary of Suzuki for automobile production in India, is scheduled to become operational in 2026. Investment in the BEV battery plant is INR73 billion (USD915 million).
The cornerstone laying ceremony was held at an event at the Mahatma Mandir Convention & Exhibition Center in Gujarat on August 28 to commemorate Suzuki’s 40th anniversary in India. The ceremony was attended by Indian Prime Minister Narendra Modi, Gujarat Chief Minister Bhupendrabhai Patel, and Japanese Ambassador Satoshi Suzuki and other dignitaries.
Also present at the event were Suzuki Motor Corp. President Toshihiro Suzuki, Senior Advisor Osamu Suzuki, and Director and Senior Managing Officer Kinji Saito, along with Maruti Suzuki Chairman RC Bhargava and Maruti Suzuki Managing Director Hisashi Takeuchi.
