Know your world in 60 words - Read News in just 1 minute
Hot Topics
Select the content to hear the Audio

Added on : 2018-09-03 15:01:10

Car giant Suzuki Motor Corp. plans to invest at least ₹ 9,000 crore to build a new car plant in Gujarat. The investment will double Suzuki’s annual capacity in Gujarat to 1.5 million vehicles, underscoring the Japanese auto maker’s ambitious plans for India where its unit, Maruti Suzuki India Ltd, is the market leader. The infusion of fresh funds would boost Suzuki’s combined investment in India to as much as ₹ 30,000 crore. Suzuki will use the funds to build three assembly lines with a total annual capacity of 750,000 vehicles, an engine manufacturing unit, buy land, build a full-fledged research and development (R&D) centre in Rohtak (Haryana) and set up a lithium-ion battery unit in Gujarat in alliance with Denso Corp. and Toshiba Corp.

Car giant Suzuki Motor Corp. plans to invest at least ₹ 9,000 crore to build a new car plant in Gujarat. The investment will double Suzuki’s annual capacity in Gujarat to 1.5 million vehicles, underscoring the Japanese auto maker’s ambitious plans for India where its unit, Maruti Suzuki India Ltd, is the market leader. The infusion of fresh funds would boost Suzuki’s combined investment in India to as much as ₹ 30,000 crore. Suzuki will use the funds to build three assembly lines with a total annual capacity of 750,000 vehicles, an engine manufacturing unit, buy land, build a full-fledged research and development (R&D) centre in Rohtak (Haryana) and set up a lithium-ion battery unit in Gujarat in alliance with Denso Corp. and Toshiba Corp.

Editor & Publisher : Dr Dhimant Purohit

Headlines

Good News

politics

India

World