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Suzuki Motor Corporation announced the establishment of a new research and development (R&D) center in India after Prime Minister Narendra Modi laid the foundation stone for an electric vehicle battery manufacturing plant for the company at Hansalpur in Gujarat.
An investment of around Rs 7,300 crore will be required to set up the facility at Hansalpur which would manufacture advanced chemistry cell batteries for electric vehicles.
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On the other hand, the vehicle manufacturing facility in Kharkhoda, Haryana, will have the potential to make one million passenger vehicles per year making the unit one of the largest passenger vehicle manufacturing facilities in the world.
“We are pleased to announce that we have established a new company, Suzuki R&D Center India. This new company is wholly owned by Suzuki, Japan. We aim to strengthen our R&D competitiveness and capabilities in new fields of technology not only for India but also for the global markets. Furthermore, we will strengthen our ties with Indian academic institutes and start-ups to develop diverse human resources,” said Suzuki Motor Corporation president T Suzuki.
“The association of Suzuki with the families of India is now 40 years strong. The success of Maruti Suzuki also signifies the strong India-Japan partnership. In the last eight years, these relations between our two countries have reached new heights. Today, from the bullet train in Gujarat-Maharashtra to the Rudraksha center in Banaras, many development projects are examples of India-Japan friendship,” said Modi on the 40 years of Suzuki in India.
According to T Suzuki, over the years, India had become one of the most important countries for the Suzuki Group.
“During the last financial year, Suzuki Group produced about 2.8 million automobiles across the world. Of those, more than 1.6 million units, or about 60%, were produced in India. Also, exports from India reached the highest ever of about 240,000 units last year. Today, India plays a significant role as a global automobile production hub for the Suzuki Group,” Suzuki added.
-by Gautam
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