Suzuki Motor plans to invest 104.4 billion rupees ($1.37 billion) in its India factory to produce electric vehicles (EVs) and batteries, Maruti Suzuki India , majority-owned by the Japanese carmaker, said on Sunday.
It is the first major EV plan announced by Maruti Suzuki for India in a bid to align itself with a national strategy to reduce oil dependence and cut debilitating air pollution in major cities.
Japanese Prime Minister Fumio Kishida, visiting his Indian counterpart, Narendra Modi, on Saturday announced $42 billion of investment in India over the next five years.Suzuki Motor Gujarat Private will invest 31 billion rupees by 2025 for increasing production capacity for battery EV manufacturing and 73 billion rupees for construction of plant vehicle batteries, the company said.
“Suzuki's future mission is to achieve carbon neutrality with small cars,” said Suzuki Motor president Toshihiro Suzuki.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Japan's Suzuki Motor to invest $1.3 billion for electric vehicle production in IndiaJapan's Suzuki Motor plans to invest about 150 billion yen ($1.26 billion) to produce electric vehicles and batteries in India, Japanese media reported on Saturday.
Lire la suite »
Japan's Suzuki Motor to invest $1.3 billion for electric vehicle production in IndiaJapan's Suzuki Motor plans to invest about 150 billion yen ($1.26 billion) to produce electric vehicles and batteries in India, Japanese media reported on Saturday.
Lire la suite »
Porsche is working on all-electric Macan and 718 vehicles — and its own charging networkIt wants 80 percent of its sales to be EVs by 2030.
Lire la suite »
Insight: Will soaring oil prices bring more drilling or more EVs?There are two schools of thought on the curious spot at which the energy industry now...
Lire la suite »