Japanese firm Suzuki says EV plant in India to operate by 2025

TOKYO, Japan: Japanese media has reported that Suzuki Motor plans to invest some $1.26 billion to produce electric vehicles and batteries in India.

According to the Nikkei business daily, amidst the visit of Japanese Prime Minister Fumio Kishida to India on March 19 to meet with Indian Prime Minister Narendra Modi, Suzuki’s investment plan will be part of his announcement by Kishida of plans to invest 5 trillion yen in India over the next five years.

Without identifying sources, Nikkei said Suzuki has decided to build a new EV production line in India, with plans to start operating as early as 2025.