Maruti takes first steps in EVs as Suzuki Motor to invest Rs 10,440 crore in Gujarat

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Japan's Suzuki Motor Corporation said on March 20 it plans to invest 150 billion yen

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ramping up production capacity for electric vehicles as well as setting up an EV battery manufacturing plant and vehicle recycling unit in Gujarat.

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Speaking at the forum, Toshihiro Suzuki, representative director and president of Suzuki Motor Corporation,

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said, "Suzuki's future mission is to achieve carbon neutrality with small cars."

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He added, "We will continue active investment in India to realise self-reliant India (Atma-Nirbhar Bharat)."

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EV launch timeline which Maruti had set as 2025

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Suzuki Motor Gujarat Pvt Ltd (SMG) will invest Rs 7,300 crore for the construction of battery plant near SMG’s

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SMG will invest another Rs 3,100 crore for ramping up production capacity for EVs by 2025.

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Maruti Suzuki had previously scrapped plans to launch EVs in 2020 due to lack of infrastructure and government support.

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