Vibrant Gujarat Summit: Suzuki To Invest ₹38,000 Crore In Gujarat

At the ongoing 10th edition of the Vibrant Gujarat Summit, Suzuki Motor Corporation (SMC) Japan announced it will make significant investments in Gujarat. Toshihiro Suzuki, CEO of SMC, announced the Japanese manufacturer will invest more than ₹38,000 crore to increase the production capacity in Gujarat. 

SMC announced it will invest ₹3,200 crore to add a fourth assembly line at its Hansalpur plant in Gujarat. This new assembly line is said to produce 2.5 lakh vehicles annually and take up the total annual production tally to 10 lakh units. The new assembly line will help boost electric vehicle (EV) production at the Hansalpur plant. 

Toshihiro Suzuki said, “The first Battery Electric Vehicle from Suzuki Group will be rolled out from Suzuki Motor Gujarat by the end of this year.” This EV is likely to be the production version of the eVX concept that was showcased at Auto Expo 2023. Suzuki added, “We plan to sell this model not only in India but also export to Japan and European countries.”

Lastly, SMC will also invest ₹35,000 crore to set up another manufacturing facility in Gujarat. This second plant will also have an annual production capacity of 10 lakh units, taking the total production tally to 20 lakh units annually from both plants in Gujarat. However, Suzuki did not mention when will the new plant and the new assembly line be operational. 

Furthermore, SMC said its greenhouse gas emissions will be reduced through a “multi-pathway” approach. Along with EVs, SMC will offer multiple fuel options such as compressed natural gas (CNG, biogas, bioethanol and green hydrogen. 

SMC has partnered with the National Dairy Development Board and Banas Dairy and has begun construction of four biogas plants in Gujarat. It said it will begin production of biogas from cow dung. Toshihiro Suzuki added that “Suzuki Group will always work to provide a variety of sustainable customer-oriented mobility options.”