Hyperdrive
Suzuki Motor to Invest $8 Billion in India, Starts EV Production
Suzuki e-Vitara vehicles displayed during the launch of a new assembly line at the Hansalpur plant, in India's Gujarat state on Aug. 26.
Photographer: Sam Panthaky/AFP/Getty ImagesSuzuki Motor Corp. plans to invest over 700 billion rupees ($8 billion) in India, Chief Executive Officer Toshihiro Suzuki said, underscoring the country’s growing importance for the Japanese automaker as it forays into electric vehicles production.
This investment will happen over a period of five to six years, Suzuki said in a speech Tuesday, without elaborating. He was speaking at an event in the Hansalpur plant in the western state of Gujarat from where the company will be making its first e VITARA SUVs.