Electric Car

Japan’s Suzuki Motor to invest $1.3 billion for electric vehicle production in India

The brand of Suzuki is witnessed on a wheel of Maruti Suzuki Vitara Brezza automotive by its begin in Mumbai, India, March 8, 2016. REUTERS/Danish Siddiqui/File Picture

Join now for No price limitless entry to Reuters.com

TOKYO, March 19 (Reuters) – Japan’s Suzuki Motor (7269.T) plans to commit about 150 billion yen ($1.26 billion) to ship electrical automobiles and batteries in India, Japanese media claimed on Saturday.

Japanese Prime Minister Fumio Kishida is touring to India on Saturday to satisfy his Indian counterpart Narendra Modi. Suzuki’s funding program can be part of an announcement by Kishida all through his trip of methods to make investments 5 trillion yen in extra of the upcoming 5 yrs in India, in accordance with the Nikkei enterprise day-after-day. learn further

Suzuki has resolved to ascertain a brand new electrical powered automotive creation line in India with the aim of beginning up capabilities as early as 2025, Nikkei reported, with out figuring out the provision of its report.

A Suzuki Motor spokesperson declined to verify the tales.

($1 = 119.1700 yen)

Register now for No price limitless entry to Reuters.com

Reporting by Maki Shiraki and Chang-Ran Kim, Crafting by Ju-min Park Enhancing by Kenneth Maxwell

Our Benchmarks: The Thomson Reuters Perception Guidelines.

Related Articles

Back to top button