The automobile manufacturer "Suzuki" has decided to invest about 150 billion yen in a local factory in India to start new production of EV = electric vehicles and in-vehicle batteries.
India is the world's fifth largest automobile market, but in the midst of global decarbonization, the Indian government has set a goal of making 30% of new cars sold in 2030 EV.
Under these circumstances, Suzuki, an automobile manufacturer that holds the top share of local production, has decided to start producing new EVs and in-vehicle batteries at its local plant.
Specifically, the company plans to increase production capacity for EV production and build an in-vehicle battery plant for EVs at a plant of a local subsidiary in Gujarat, western India.
In addition, the policy is to build a factory for dismantling and recycling vehicles, and the total investment will be approximately 150 billion yen.
In the future, we plan to proceed with construction, and the production equipment for EVs will start operation in 2025, three years later, and the battery factory will start operations in 2026.
Suzuki seems to have the aim of maintaining its competitiveness in India, which is a huge market, while the development competition for EVs is intensifying in the world.
"Suzuki" will announce this policy at the time of Prime Minister Kishida's visit to India on the 19th.