Suzuki Targets Exporting India-made EVs To Japan By 2025
Suzuki Motor of Japan will begin making electric automobiles in India and ship them to Japan as early as 2025. Suzuki would contemplate exporting India-made EVs to partner Toyota Motor for European markets, where they will be sold under the Toyota brand, as part of its efforts to make India its worldwide electric vehicle production base.
Suzuki will set up a new production line at a plant in India's western state of Gujarat, where its subsidiary Maruti Suzuki would start producing next autumn. The battery-powered cars that Suzuki plans to export to Japan would be small sports utility vehicles and would have a price tag of around 3 million yen (USD 20,043) to 4 million yen as per, Nikkei.
The production line would also produce gasoline-powered vehicles and would have a capacity of 250,000 units per year.
Suzuki Motor Corporation, based in Hamamatsu, Shizuoka, is a Japanese global mobility producer. Automobiles, motorbikes, all-terrain vehicles (ATVs), outboard marine engines, wheelchairs, and a range of other small internal combustion engines are produced by the company. Suzuki was the world's eleventh largest carmaker by output in 2016. Suzuki employs about 45,000 people and has 35 manufacturing sites in 23 countries, as well as 133 distributors in 192 countries. Automobile sales are the tenth largest in the globe, while domestic sales are the third highest in the country.