Japan’s Suzuki Motor plans to invest about a hundred and fifty billion yen ($1.26 billion) to produce electric powered vehicles and batteries in India, Japanese media pronounced on Saturday.
Japanese Prime Minister Fumio Kishida is visiting India on Saturday to satisfy his Indian counterpart Narendra Modi. Suzuki’s investment plan will be a part of an assertion by Kishida for the duration of his journey of plans to invest 5 trillion yen over the subsequent 5 years in India, according to the Nikkei business every day.
Suzuki has decided to construct a new electric automobile production line in India with the purpose of starting operations as early as 2025, Nikkei said, with out identifying the source of its document.
A Suzuki Motor spokesperson declined to verify the reviews.
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