La casa automobilistica giapponese investe in India
Suzuki is preparing to switch to fully electric vehicles only and has chosen India as the place to start its new business. The Japanese automaker has revealed plans and reasons why they intend to invest in an Asian country rather than a Western one.
The Japanese cars industry looks into India
According to Reuters, the Japanese manufacturer is ready to create a plant where it will produce batteries. The entire investment will be 150 billion yen (1.13 million euros). However, this is only a small part of a Japanese investment program that amounts to nearly $ 42 billion (€ 37.95 billion) spread over five years.
Production to start in 2025
The first two electric vehicles should arrive in 2025. Suzuki wants to start its operations in 2025 when it will launch its first two fully electric vehicles. With the construction of the new battery plant, the Japanese brand could evaluate different sales solutions for its EVs in India and even create its own charging network or battery change stations.
What we know for sure is that India is a very important market for Suzuki as it boasts a strong presence with the Maruti Suzuki brand. It is also India's largest passenger vehicle manufacturer to date, but expectations are there that it may not be the only one.