Japanese auto major Suzuki will set up the
second car manufacturing plant in Gujarat with an investment of Rs 38,200
crores. The plant
will have an additional production capacity of 1.25 million units a year the
company’s CEO Toshihiro Suzuki made the announcement at the ongoing Vibrant
Gujarat summit
The company
will also be investing Rs 3300 crore in setting up 2.5 lakh units electric
vehicle production capacity in Suzuki Motor Gujarat and additionally Rs 35000
crore in setting up of 1 million units capacity by Maruti Suzuki.
Addressing the
gathering at 10th Global Summit of Vibrant Gujarat, Suzuki said, thanks to
Prime Minister Mr Modi's "progressive approach" and India's growth,
"we will invest in the future.
Firstly, the first battery electric vehicle from Suzuki Group will be rolled
out from Suzuki Motor Gujarat by the end of the year. We plan to sell this
model not only in India, but also export to Japan and European countries."