🚗🌏 Suzuki Expands in India with New Global R&D Unit! 🇮🇳

Suzuki Motor Corp is diving deeper into India by establishing a global R&D center, set to boost their EV production and innovation. 🌱🔋

• What’s New? Suzuki is creating a wholly-owned R&D unit in India to enhance its competitiveness and capabilities in both local and global markets.
• Big Investments: Suzuki plans to invest over ₹104 billion ($1.3 billion) in India’s electrification efforts, marking one of their largest global investments! They have already invested ₹650 billion in the country.
• EV Production: Starting in 2025, Suzuki will begin producing electric vehicles at its Gujarat factory. Additionally, they are setting up a new plant in the state to manufacture EV batteries starting in 2026.
• Joint Ventures: Suzuki has a partnership with Denso Corp and Toshiba Corp to produce lithium-ion batteries for hybrid cars, catering to both local demand and exports.

Indian Prime Minister Narendra Modi celebrates this “silent revolution,” emphasizing major changes in the auto industry. He laid the foundation stones for two significant projects: Suzuki’s EV battery manufacturing facility in Gujarat and Maruti’s car-making facility in Haryana.

Why It Matters:

• Strategic Importance: Suzuki’s President, Toshihiro Suzuki, highlighted India’s critical role as a global automobile production hub for the Suzuki Group.
• Market Shift: As India pushes for more electric cars with substantial incentives, Suzuki is positioning itself to meet growing demands for safer, greener vehicles.

Stay tuned for more updates on Suzuki’s green journey in India! 🌿🚘

Source curtesy: https://www.reuters.com/

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