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Maruti Suzuki India allocates $600 Mn to build a plant for research and build its own Electric Vehicle

Maruti Suzuki India allocates $600 Mn to build a plant for research and build its own Electric Vehicle

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India’s largest car manufacturer Maruti Suzuki India has understood the need of pushing research and innovation around manufacturing electric vehicles in India. The company has allocated the funds $600 million to research and build electric car in one of its factory in Gujarat.

Branded as Suzuki’s first commercially available Electric Vehicle, the car will be sold both in India and in other countries. Commenting on the development Suzuki Chairman Osamu Suzuki stated at a meeting in Gujarat, “For the last 35 years, we have been working towards ‘Make in India’ with you all.”

This comes right after the meeting with PM of India Shri Narendra Modi along with Japanese PM Shinzo Abe and other dignitaries. Suzuki is looking to infuse $600 Mn (INR 3,900 Cr) for the construction of a plant at Hansalpur in Gujarat. The proposed factory will have a capacity of manufacturing capacity of over 250K units, which seems to be a good start for the upcoming demand of electric cars in India.

2 Comments

2 Comments

  1. Shrisa N I am postponing to buy a car in the near future

      Reply18 Sep, 2017 1:40 PM

  2. Pingback: Electric Vehicle revolution in India | The Startup Mojo

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