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Suzuki bullish on India; to invest 3800 crore for third car plant in Gujarat

Japan’s Suzuki Motor Corp announced today that it would be investing close to Rs 3,800 crore to build its third car production plant in Gujarat. The company also said that it will invest another Rs 1,150 crore for a different plant that will be used for manufacturing lithium-ion batteries. This production line will be opened jointly in partnership with Toshiba and Denso. The company has already invested Rs 9,600 crore in the previous two plants in Gujarat and with the new investments; its total investments would reach Rs 13,400 crore. It may be recalled that the Hansalpur-based plant is Suzuki Motor Corp’s first wholly-owned unit in India. The announcement for the new investments was made today by Suzuki Motor Corp (SMC) Chairman Osamu Suzuki. Osamu said that the new plant will have a production capacity of 2.5 lakh units annually.

When the new plant is fully operation, the total production capacity will reach 7.5 lakh units annually. However, Osamu did not specify when the third plant would be commissioned. If we consider Suzuki’s two plants in Haryana, its total capacity in the country will reach 22.5 lakh units annually. The company said that the new investments will create employment opportunities for 10,000 people. Osamu said that the company will also construct a hospital and a school near the plant. Speaking about the lithium-ion battery production facility, the company said that the batteries will be used for hybrid vehicles manufactured in India, which will also be exported to other countries.

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