Suzuki Motor Corp to invest Rs 38,200 crore in Gujarat

Suzuki Motor Corp to invest Rs 38,200 crore in Gujarat

Japanese automaker Suzuki Motor Corporation’s CEO Toshihiro Suzuki has announced that the company aims to invest a total of around Rs 38,200 crore in Gujarat in the coming years. The announcement was made at the Vibrant Gujarat Summit 2024, in the presence of Prime Minister Narendra Modi and Gujarat Chief Minister Bhupendra Patel.

This includes Rs 3,200 crore investment towards establishing the fourth production line of Suzuki Motor Gujarat (SMG) for increasing production of electric vehicles in the future. The fourth line is expected to start operation from FY2026, which will increase the global annual production capacity of SMG from the current 750,000 units to a million units. Combined with the new plant in Gujarat, the total production capacity in the State of Gujarat will be 2 million units.

Suzuki also plans to secure a production capacity of approximately 4 million units in India by FY2030 to prepare for future expansion of automobile market in India.

“In this ever-growing country, we will provide a variety of sustainable mobility options by focusing on Indian customers,” said Suzuki.