EV Proction In India: Suzuki to Spend 10,440 Crores

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Suzuki Motor, the parent company of India's largest manufacturer Maruti Suzuki, announced on Sunday that it will invest Rs 10,440 crore in India

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Maruti Suzuki, which sells one out of every two cars on Indian roads, plans to release affordable electric vehicles as early as 2025

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The Japanese automaker plans to invest roughly Rs 3,000 crore in the new factory to boost electric vehicle production in India

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Hyundai and Tata Motors, Maruti's competitors, have disclosed detailed plans to electrify their vehicles.

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Last fiscal year, the segment witnessed expected sales of 5,500-6,000 units, up 60-75 percent.

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Suzuki's long-term goal is to use compact automobiles to achieve carbon neutrality.

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The new plant will be built near Suzuki's existing Gujarat facility.

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Suzuki's long-term goal is to use compact automobiles to achieve carbon neutrality.

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ALSO, STAY UPDATED BY SEEING WHAT'S TRENDING WORLDWIDE

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