With an infusion of additional ₹3,200 crore, Suzuki plans to expand its electric vehicle production capacity by setting up a new production line at Suzuki Motor Gujarat.
On the inaugural day of the 10th Vibrant Gujarat summit, Suzuki Motor Corp, a Japan-based automotive giant, declared a monumental investment of approximately ₹35,000 crore in the state. This grand announcement came at the auspicious ceremony inaugurated by Prime Minister Narendra Modi, marking a significant leap in the Indian automotive landscape.
Maruti Suzuki’s Grand Ventures: Building the Future
Maruti Suzuki India Ltd is set to inject around ₹32,000 crore into the establishment of a state-of-the-art automobile manufacturing facility in Gujarat. The slated capacity of this soaring venture is projected to reach a staggering 1 million vehicles annually. The targeted operational launch for this plant is earmarked for the financial year 2028-29, signifying a transformative leap in the automotive industry.
Electrifying Expansion: Maruti Suzuki’s Strategic Thrust
In a strategic move towards embracing the electric vehicle paradigm, Maruti Suzuki will funnel an additional ₹3,200 crore to erect a fourth production line within its wholly owned subsidiary, Suzuki Motor Gujarat Pvt. Ltd. This augmentation will amplify the production potential for electric vehicles, propelling the annual output from the current 7.5 lakh (750,000) units to a monumental 1 million units.
Global Prowess: Suzuki’s Expansion and Export Endeavors
Suzuki Motor’s global vision extends to unveiling new models of Jawa bikes, crafted in India, to foreign domains such as Japan and European nations. This bold step signifies a compelling stride towards global market expansion and domination.
Ambitious Skyline: Maruti Suzuki’s Vision for the Future
Charting an ambitious trajectory, Maruti Suzuki outlines a roadmap to attain a production capacity of about 4 million vehicles by the financial year 2030-31. This audacious target bolsters India’s ascent as a burgeoning manufacturing hub under the stewardship of Prime Minister Narendra Modi.
Eco-Conscious Endeavors: Commitment to Sustainable Practices
In a resolute endeavor to counteract carbon emissions, Suzuki Motor Corp is set to establish biogas plants in Gujarat, paving the way for the production of compressed natural gas, bio-ethanol, and green hydrogen. Leveraging India’s bovine abundance, the company is poised to initiate biogas production from cow dung in collaboration with the National Dairy Development Board (NDDB), embodying a holistic commitment to sustainable practices. The ongoing construction of four biogas plants in the state stands testimony to Suzuki’s unwavering dedication to environmental stewardship.
Conclusion
The landmark declaration from Suzuki Motor Corp and Maruti Suzuki India Ltd at the Vibrant Gujarat summit unveils a pivotal chapter in the evolution of India’s automotive landscape. With massive investments and strategic initiatives, these entities are primed to redefine the contours of the automotive industry while embracing eco-friendly practices. This monumental pledge not only fortifies India’s presence as a global automotive powerhouse but also underscores the unwavering commitment to sustainable and forward-looking business practices.
