Japanese media recently reported that the automotive company Suzuki Motors has plants of investing around 950 crore ($1.26 billion) in the Indian market. The venture will be focused on producing electric vehicles and batteries.
Japanese Prime Minister Fumio Kishida is visiting
India on Saturday to meet his Indian counterpart, Prime Minister Narendra Modi.
Trillion yen over the next five years in India, according to the Nikkei business daily.
Suzuki has decided to build a new electric vehicle production line in India with the aim of starting operations as early as 2025, Nikkei said, without identifying the source of its report.
A Suzuki Motor spokesperson declined to verify the reports. In the present scenario, Maruti Suzuki is focused on producing CNG vehicle options in India for their ongoing car models like Celerio and WagonR.
However, Maruti Suzuki's competition in India like Tata Motors, MG, Hyundai and others are a step ahead in selling reasonably priced electric vehicles in the Indian car market like Tata Nexon EV, MG ZS EV among others.
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