In India, Suzuki Motor Corporation intended to invest Rs 30,000 crore. The two project investments involve two facilities: a car production plant in Kharkhoda, Haryana, and a battery manufacturing complex in Hansalpur, Gujarat.
In-dept details about Suzuki Motor Corporation Invest of Rs 30,000 Crore:
On Sunday, Gujarat’s new Suzuki Motor Corporation electric cell plant and Haryana’s new vehicle manufacturing facility both had their foundation stones set.
Modi was present at a celebration marking 40 years since Suzuki Motor Corporation of Japan and the former Maruti Udyog signed a joint venture agreement, officially launching the Japanese automaker’s presence in India. In October 1982, the deal was formally signed.
By 2026, the factory in Hansalpur, Gujarat, will be fully operational and produce cells for the company’s Indian-made electric vehicles (EVs). An investment of around Rs 10,400 crore will be required. At Hansalpur, a joint venture between Toshiba, Densu, and Suzuki also operates a cell manufacturing facility that produces cells for export as well as for hybrid vehicles that Maruti Suzuki and Toyota will produce domestically.
Out of this fund, Rs 20,000 crore would be allocated for the construction of the new Maruti Suzuki factory in Kharkhoda, which will produce ICE and EVs. The factory will produce both gasoline-powered and electric vehicles, with a production capacity of one million units annually.
Suzuki also revealed plans to launch Suzuki R&D Centre India, a new business in India that will create cutting-edge technology for both the domestic and international markets.
“It gives us great pleasure to announce the creation of Suzuki R&D Center India. Japan’s Suzuki is the sole owner of this new business. We want to increase our R&D’s competitiveness and capacity in new technological areas, both for India and for international markets “said T Suzuki, president of Suzuki Motor Corporation.
By 2030, 50% of the nation’s installed electrical capacity will come from non-fossil sources, according to PM Modi’s speech. He continued by saying that we have set a Net Zero goal for 2070.