Indian Economy News

Will continue to invest in India aggressively: Suzuki Motor President

  • IBEF
  • August 29, 2022

Mr. Toshihiro Suzuki, president of Japan's Suzuki Motor Corp., announced plans to establish a new global research and development organisation in India and continue to make significant investments there.

The new firm, a fully owned subsidiary of Suzuki Japan, would aid the Japanese automaker in enhancing its R&D competitiveness and capabilities, both for India and for international markets.

In order to commemorate Suzuki's 40 years in India, Prime Minister Mr. Narendra Modi set the cornerstones for two significant projects: a Maruti Suzuki car-making facility in the northern state of Haryana and a facility for the production of Suzuki electric vehicle batteries in Gujarat.

Suzuki has so far invested Rs. 65,000 crore (US$ 8.13 billion) in India, one of the largest markets in terms of revenue and profits, to help Maruti and ensure that it keeps its top spot.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.