Suzuki Motor Company signed a Memorandum of Understanding (MOU) with the State of Gujarat, India to put money into native manufacturing of electrical autos and EV batteries.

The Japanese firm is all in favour of spending roughly 150 billion yen (roughly 104.4 billion rupees or $1.24 billion) within the subsequent few years.

The plan contains:

• Growing manufacturing capability for BEV manufacturing at Suzuki Motor Gujarat Non-public Restricted (SMG) by 2025
• Construct a battery plant (land neighboring to SMG)

Within the case of Suzuki, the primary subject is the electrification of small electrical automobiles. The corporate has greater than a 50% market share (passenger automobile phase) in India, which additionally signifies that Suzuki’s electrification efforts shall be vital to your complete EV phase.

Talking on the Discussion board, Mr. Toshihiro Suzuki mentioned:

“Suzuki’s future mission is to realize carbon neutrality with small automobiles.”

“We are going to proceed energetic funding in India to appreciate Self-reliant India (Atma-nirbhar Bharat).”

In response to the mid-term administration plan, launched in 2021, Suzuki is lastly shifting in the direction of electrical autos. Within the case of full-size automobiles, the corporate is predicted to depend on its alliance with Toyota.

One of many examples is the plug-in hybrid Suzuki Throughout PHEV (launched in Europe), which is, in truth, a rebadged Toyota RAV4 Prime.

Solely time will inform how nicely the electrification in India will progress, however from our perspective, it is a huge alternative to develop an entry-level all-electric mannequin for India and probably for export. Let’s not neglect how nicely the Wuling EVs promote in China or the Dacia Spring in Europe (imported from China).