Suzuki Motors: Prime Minister Narendra Modi launched the 10th edition of Vibrant Gujarat on Wednesday, and on the first day of the event, Suzuki Motor Corp., a Japanese company, announced investments totaling ₹67,000 crore in Gujarat. According to Toshihiro Suzuki, president of Suzuki Motor, the company will invest roughly ₹32,000 crore to develop its electric car battery production facility in Gujarat and an additional ₹35,000 crore for a second plant in the state.
With a ₹32,000 crore investment, a new production line capable of producing 2.5 lakh (250,000) units annually would be added. It will enable Suzuki Motor Gujarat to produce one million units annually as opposed to the present 7.5 lakh (750,000) units, the speaker stated. Suzuki Motor also intends to export new types of Jawa motorcycles manufactured in India to Japan and European countries, he said.
Suzuki is anticipated to double its yearly production to 2 million cars with the opening of a second auto manufacturing facility in Gujarat. Under Prime Minister Narendra Modi’s direction, “India has been steadily growing as a manufacturing hub and as a result India has now become the world’s largest automobile hub,” Toshihiro Suzuki stated. The Japanese company declared that it will build biogas facilities in Gujarat to generate compressed natural gas, bio-ethanol, and green hydrogen in an effort to lessen the effects of carbon emissions. – Suzuki Motors
Suzuki Motor also intends to export new types of Jawa motorcycles manufactured in India to Japan and European countries, he said.
