Suzuki Signs MOU with the State of Gujarat for Electric Vehicles and Batteries Manufacturing in India, to Invest 150 Billion Yen toward Carbon Neutrality
Suzuki Motor Corporation (SMC) signed MOU with the State of Gujarat, India to invest approximately 150 billion yen (approximately 104.4 billion rupees) for local manufacturing of electric vehicles (BEV) and BEV batteries.
The MOU was signed on 19 March 2022 at India-Japan Economic Forum held in New Delhi, India, in the presence of Japanese Prime Minister Mr. Fumio Kishida and Indian Prime Minister Mr. Narendra Modi.
Speaking at the Forum, Mr. Toshihiro Suzuki said, “Suzuki’s future mission is to achieve carbon neutrality with small cars.”
He added, “We will continue active investment in India to realize self-reliant India (Atma-nirbhar Bharat).”