Business Standard

Japan's Suzuki Motor to invest $1.3 bn for EV production in India: Report

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

Suzuki Motor, cars, automobile, auto

Suzuki shares soar as much as 9 per cent

Reuters Tokyo
Japan's Suzuki Motor plans to invest about 150 billion yen ($1.26 billion) to produce electric vehicles and batteries in India, Japanese media reported on Saturday.
Japanese Prime Minister Fumio Kishida is visiting India on Saturday to meet his Indian counterpart Narendra Modi. Suzuki's investment plan will be part of an announcement by Kishida during his trip of plans to invest 5 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 confirm the reports.
($1 = 119.1700 yen)
(Reporting by Maki Shiraki and Chang-Ran Kim, Writing by Ju-min Park; Editing by Kenneth Maxwell)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Mar 19 2022 | 3:28 PM IST

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