Suzuki Motor powers EV rush in India with Rs 10,440-crore investment

Maruti's rivals, such as Hyundai and Tata Motors, have announced elaborate plans for electrification of their products

Suzuki Motor, parent of India's largest automaker Maruti Suzuki, announced on Sunday that it would invest Rs 10,440 crore to build a new electric car and battery factory in India. Maruti Suzuki, which sells one in every two cars on Indian roads, is expecting to roll out affordable EV models in both Japan and India as early as 2025.

The Japanese automaker intends to invest around Rs 3,000 crore for the new plant to increase production of electric vehicles in India, and Rs 7,300 crore to manufacture electric batteries. Sunday’s announcement is the first firm commitment on electrification by India’s largest