Suzuki Motor is making a significant investment in its Indian operations, with plans to inject over INR 700 billion (US$ 8 billion) in the next 5-6 years. The Japanese automaker aims to double its production capacity in India by the end of the decade, highlighting the country’s importance as its largest global production hub and market.
CEO Toshihiro Suzuki shared the company’s investment plans at an event in Hansalpur, Gujarat, to mark the commencement of exports of the battery-powered eVitara SUV. Indian Prime Minister Narendra Modi attended the event, underscoring the growing significance of India for Suzuki.
Maruti Suzuki India, Suzuki’s local subsidiary, announced that the Hansalpur facility is set to become one of the world’s largest automobile manufacturing hubs, with a planned production capacity of 1 million units. The plant will export the eVitara to more than 100 countries, including Japan and Europe, with the first shipment en route to Europe.
Suzuki’s goal is to double its production capacity in India to four million vehicles annually by the end of the decade. The planned investments will solidify its leading position in the local market, boost exports, and expand its electric vehicle (EV) operations in the country.
In a strategic move, Suzuki has started producing lithium-ion batteries in India in collaboration with Toshiba and Denso to enhance its supply chain for hybrid vehicles amidst escalating global trade tensions.
Maruti Suzuki’s chairman, R C Bhargava, affirmed that the company will adopt various technologies to reduce vehicle emissions in India, including battery-powered and hybrid powertrains, and compressed natural gas (CNG). He noted that widespread adoption of electric vehicles in India may take time, citing the need for mass affordability for EVs.
The automotive industry is witnessing a shift towards sustainable practices, and Suzuki’s investment in India reflects its commitment to advancing eco-friendly mobility solutions. With a focus on expanding production capacity, enhancing supply chain resilience, and embracing alternative powertrains, Suzuki is poised to lead the charge towards a greener automotive future.
