Suzuki signs MOU for Electric Vehicles and Batteries Manufacturing in Gujarat

#Suzuki #MarutiSuzuki #EVManufacturing

Source: Suzuki

The MOU was signed at the recently held India-Japan Economic Forum held in New Delhi in the presence of Japanese Prime Minister Fumio Kishida and Indian Prime Minister Narendra Modi. Image courtesy: PIB

March 2022 : Suzuki Motor Corporation (SMC) has recently signed an MOU with the State of Gujarat, India to invest approximately 150 billion yen (approximately 104.4 billion rupees) for local manufacturing of electric vehicles (BEV) and BEV batteries. The MOU was signed recently at the India-Japan Economic Forum held in New Delhi, India, in the presence of Japanese Prime Minister Fumio Kishida and Indian Prime Minister Narendra Modi.

Toshihiro Suzuki, Representative Director and President, Suzuki Motor Corporation and Kenichi Ayukawa, Managing Director & CEO, Maruti Suzuki India Limited were joined by eminent senior government personnel of India and Japan at the ceremony.

Speaking at the Forum, Mr. Suzuki said, “Suzuki's future mission is to achieve carbon neutrality with small cars.” We will continue active investment in India to realize Self-reliant India (Atmanirbhar Bharat).”