Suzuki Motor to Invest Huge in EV Battery Unit

Suzuki Motors

As dated on Sunday, Prime Minister Narendra Modi rested the foundation for electric vehicle batteries for the manufacturing plant of the company at Hansalpur, Gujrat as Suzuki Motors announced new research and development industry (R&D) in India.

The facility at Hansalpur will be funded with around Rs.7,300 crore. It would manufacture advanced chemistry cell batteries for electrical vehicles. The manufacturing facility in Kharkhoda, Haryana will have the potential to make 1 million passenger vehicles per year. This unit will be the largest unit of vehicle manufacturing at a single location in the World.

During the financial year, Suzuki will produce about 2.8 million automobiles across the world. Most of them with about 1.6 million units i.e., almost 60% will be produced in India. Exports from India have reached the highest ever with about 240,000 units last year. Speaking of today, India plays a significant role in Global Automobile Production.