Electric Vehicles and Batteries Manufacturing in India, to Invest 150 Billion Yen toward Carbon Neutrality
Suzuki Motor Corporation (SMC) signed MOU with the State of Gujarat, India to invest approximately 150 billion yen (approximately 104.4 billion rupees) for local manufacturing of electric vehicles (BEV) and BEV batteries.
The MOU was signed on 19 March 2022 at India-Japan Economic Forum held in New Delhi, India, in the presence of Japanese Prime Minister Mr. Fumio Kishida and Indian Prime Minister Mr. Narendra Modi.
Mr. Toshihiro Suzuki, Representative Director and President, Suzuki Motor Corporation and Mr. Kenichi Ayukawa, Managing Director & CEO, Maruti Suzuki India Limited were joined by eminent senior government personnel of India and Japan at the ceremony.
Speaking at the Forum, Mr. Toshihiro Suzuki said, "Suzuki's future mission is to
achieve carbon neutrality with small cars."
He added, "We will continue active investment in India to realize Self-reliant India (Atma-nirbhar Bharat)."
Signees of MOU with
Description
Investment
Planned
the State of Gujarat
year
Increasing
production
1
capacity
for
BEV
31 billion rupees
2025
Suzuki Motor Gujarat
manufacturing
Private Limited (SMG)
Construction of
plant
2
for BEV batteries (land
73 billion rupees
2026
neighboring to SMG)
3
Maruti Suzuki Toyotsu
Construction of vehicle
450 million rupees
2025
India Private Limited
recycling plant
(MSTI)
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Disclaimer
Maruti Suzuki India Ltd. published this content on 20 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 March 2022 03:37:02 UTC.
Maruti Suzuki India Ltd is one of the Indian leaders in automotive construction. Net sales break down by activity as follows:
- sale of vehicles (83.6%): personal, commercial and multi-segment vehicles especially commercialized under the brands Maruti 800, Ritz, A star, Swift, DZire, SX4 and Grand Vitara. In 2021/22, the group sold 1,652,653 units including 1,414,277 in India;
- production and sale of diesel engines, components and spare parts (11.3%);
- other (5.1%).
At the end of March 2022, Maruti Suzuki India had 2 production plants in India.
India accounts for 85.9% of net sales.
MARUTI SUZUKI INDIA LTD 
