Suzuki Accelerates India's EV Future with ₹70,000 Crore Boost

Japanese automaker Suzuki Motor has announced a major investment of ₹70,000 crore in India over the next five to six years, aimed at expanding operations, increasing production capacity, and launching new vehicle models. The announcement was made by President Toshihiro Suzuki during a landmark event attended by Prime Minister Narendra Modi.

The occasion marked the rollout of Suzuki’s first Battery Electric Vehicle (BEV), the e-Vitara, produced at Suzuki Motor Gujarat. The made-in-India EV will be exported to over 100 countries, including key markets in Europe and Japan. This milestone reinforces India’s role as a global manufacturing hub in Suzuki’s strategy.

Suzuki has already invested ₹1 lakh crore in India, contributing to the creation of over 1.1 million jobs. The Gujarat facility is poised to become one of the world’s largest automotive hubs, with a production capacity of one million units annually.

As part of its commitment to green mobility, Prime Minister Modi also inaugurated a lithium-ion battery manufacturing plant in Hansalpur, developed through a joint venture between Suzuki, Toshiba, and Denso. The facility is expected to play a crucial role in localising EV battery production.

President Toshihiro Suzuki reaffirmed the company’s long-term commitment to India, stating, “We remain dedicated to supporting India’s vision for sustainable green mobility and contributing to Viksit Bharat.”

News by Rahul Yelligetti.