Suzuki Motor to Invest $8 Billion in India, Starts EV Production

Suzuki Motor Corp., a Japanese automaker, has announced plans to invest over 700 billion rupees ($8 billion) in India. This investment highlights the growing significance of the Indian market for the company, as it ventures into the production of electric vehicles (EVs). The investment will be made over the next several years, with a focus on expanding manufacturing capabilities, strengthening the supply chain, and developing new technologies, including EVs. Toshihiro Suzuki, the CEO of Suzuki Motor, emphasized the importance of India's role in the company's global strategy. The move comes as the Indian government pushes for the adoption of EVs, with various incentives and policies aimed at promoting sustainable transportation. Suzuki's investment is seen as a strategic response to this growing demand and a commitment to the Indian market's long-term potential. The announcement underscores Suzuki's intention to solidify its position in India, one of the world's fastest-growing automotive markets, while also positioning itself as a key player in the transition towards electric mobility.