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Now Maruti Suzuki’s first electric car will come soon, Suzuki Motor will invest 10,440 crores

But now the good news is coming for the fans of electric cars that the biggest giant of the Indian car market, Maruti Suzuki, is also going to step into the production of electric cars. This is because Suzuki Motor Corporation of Japan has planned to invest in India.

Let us inform that on March 20, Suzuki Motor Corporation has informed that the company is planning to set up an EV battery manufacturing plant and vehicle recycling unit in Gujarat. Along with this, Suzuki Motor will also work on increasing the production capacity of electric vehicles.

For this, the company will invest 150 billion yen i.e. about Rs 10,440 crore. The MoU with the state government was signed in the presence of Japanese Prime Minister Fumio Kishida and Indian Prime Minister Narendra Modi at the India-Japan Economic Forum held in New Delhi on March 19.

Speaking at the forum, Toshihiro Suzuki, Representative Director and President, Suzuki Motor Corporation, said, “Suzuki’s future mission is to achieve carbon neutrality with small cars. We aim to achieve self-reliant India (Aatma-Nirbhar Bharat). Will continue to invest actively in India for

Let us tell you that this is an important step for Maruti Suzuki, because Maruti Suzuki is the Indian unit of the Japanese company Suzuki Motor Corporation and if Suzuki Motor is investing in the EV sector in India, it simply means that Maruti Suzuki will soon Only EV will enter the field.

However, no changes have been announced by Maruti Suzuki in its EV launch timeline. Let us tell you that Maruti Suzuki had earlier informed that its first EV will be launched in the market by the year 2025. Hence, there will be no immediate hit to earnings from EVs, though sentiment will remain positive.

According to the information received, under this MoU, Suzuki Motor Gujarat Pvt. Ltd. (SMG) will invest Rs 7,300 crore by 2026 to build a battery plant near SMG’s automobile manufacturing unit.

Apart from this, Suzuki Motor Gujarat will invest another Rs 3,100 crore to increase the production capacity of electric vehicles by the year 2025. Along with this, another group firm Maruti Suzuki Toyotsu India Pvt Ltd will invest Rs 45 crore in the construction of vehicle recycling plant by the year 2025.

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