Maruti takes first steps in EVs as Suzuki Motor to invest Rs 10,440 crore in Gujarat
Japan's Suzuki Motor Corporation said on March 20 it plans to invest 150 billion yen
ramping up production capacity for electric vehicles as well as setting up an EV battery manufacturing plant and vehicle recycling unit in Gujarat.
Speaking at the forum, Toshihiro Suzuki, representative director and president of Suzuki Motor Corporation,
said, "Suzuki's future mission is to achieve carbon neutrality with small cars."
He added, "We will continue active investment in India to realise self-reliant India (Atma-Nirbhar Bharat)."
EV launch timeline which Maruti had set as 2025
Suzuki Motor Gujarat Pvt Ltd (SMG) will invest Rs 7,300 crore for the construction of battery plant near SMG’s
SMG will invest another Rs 3,100 crore for ramping up production capacity for EVs by 2025.
Maruti Suzuki had previously scrapped plans to launch EVs in 2020 due to lack of infrastructure and government support.