Maruti Suzuki has huge investment plans in India. Maruti Suzuki’s announcement comes as it completes 40 years in the country. Prime Minister Narendra Modi laid the foundation stone for Suzuki EV Battery Plant in Hansalpur, Gujarat and Vehicle Manufacturing Plant in Kharkhoda, Haryana. The Prime Minister appreciated Suzuki for realizing the potential of the Indian market. The Prime Minister said that many other Japanese companies have expressed interest in investing in India. Japanese Prime Minister Fumio Kishida praised Narendra Modi’s strong leadership and attributed Maruti Suzuki’s success in India to the people and the central government.
The factory at Hansalpur will be completed by 2026. An investment of 10,400 crores is being made there. The cell plant, which will be set up as a joint venture between Toshiba, Dentsu and Suzuki, will manufacture batteries for export and hybrid vehicles manufactured by Maruti and Toyota in India. The plant with an expected annual capacity of one million units is being built in Haryana. It will be built at a cost of Rs 20,000 crore, and will manufacture EVs and petrol models.
