PM Modi also remembered Suzuki’s cooperation and contribution in India and appreciated the transformative role of Suzuki Motors in India’s automotive industry.
see photos(LR) Suzuki Motor Corporation Advisor Osamu Suzuki with Prime Minister Narendra Modi.
Indian Prime Minister Narendra Modi is in Japan on a two-day visit to attend a summit of Quad leaders and Osamu, Advisor to Suzuki Motor Corporation, to discuss opportunities in investment, innovation, manufacturing of electric vehicles and recycling centers in India. Meet Suzuki. PM Modi also remembered Suzuki’s cooperation and contribution in India and appreciated the transformative role of Suzuki Motors in India’s automotive industry. earlier this year, Suzuki had announced investment 10,445 crore by 2026 for local manufacturing of Battery Electric Vehicles (BEVs) and batteries in Gujarat.
Read also: Maruti Suzuki signs agreement for third plant in Haryana
, Brand Ambassador of Growth Story of
in meeting with advisor @suzukicojp Osamu Suzuki, PM @Narendra Modi Appreciated Suzuki’s transformative role in the automotive industry.
Discussed opportunities for investment, innovation, manufacturing EV, recycling centers in India. pic.twitter.com/7TCoy4mdVA
— Arindam Bagchi (@MEAIndia) 23 May 2022
Read also: Suzuki to invest ₹104.4 billion to manufacture electric vehicles, batteries in India
The two also discussed strategies for building a local innovation ecosystem in India, including the Japan-India Manufacturing Institute (JIM) and skill development through the Japanese Endowed Curriculum (JEC). In addition, Suzuki Motor Gujarat Pvt. Ltd. and Maruti Suzuki India Ltd. are also among the approved applicants under the Production Linked Incentive (PLI) scheme in the Automobile and Auto Component Sectors.
Read also: Ford, Suzuki incentivized under India’s $3.5 billion clean fuel plan
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will pre-invest ₹7,300 crore for construction of a plant for BEV batteries On land of SMG’s existing plant by 2026. Also, SMG will further invest ₹3,100 crore to increase production capacity for BEV manufacturing by 2025.
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