Suzuki to invest Rs 70,000 crore in next 5-6 years in India: Toshihiro Suzuki

The top Suzuki official also thanked Prime Minister Narendra Modi for welcoming the company with "open arms" in Gujarat during his term as the Chief Minister.

Japanese automobile powerhouse Suzuki will invest over Rs 70,000 crore in India in the next 5-6 years, Suzuki Motor Corporation’s representative director and president Toshihiro Suzuki said on August 26.

The company has partnered in India's mobility journey for the last four decades and remains committed to supporting the country’s vision for sustainable green mobility and contributing to Viksit Bharat, said Suzuki.

"We will use a multi-powertrain strategy including electric, strong hybrid, ethanol flex fuel, and compressed biogas, to achieve carbon neutrality and climate change goals."

The top Suzuki official also thanked Prime Minister Narendra Modi for welcoming the company with "open arms" in Gujarat during his term as chief minister. The company’s facility in Gujarat will soon become one of the world’s largest automobile manufacturing hubs with an expected production capacity of 1 million units. Moreover, the company said it will export made-in-India battery EV to over 100 nations, including Europe and Japan.

Suzuki said the company chose the Gujarat facility to manufacture e Vitara, Maruti Suzuki's first battery electric vehicle, and it will turn the plant into a global production hub.

"Our 2nd major milestone is the start of production of India's 1st lithium-ion battery and cell with electrode level localisation, which are used in our hybrid vehicles. These are being manufactured at the Toshiba Denso Suzuki plant. With only raw material and some semiconductor parts coming from Japan, this is a big salute to Atmanirbhar Bharat," Suzuki said.