Japan’s Suzuki Motor to invest $1.3 billion for electric vehicle production in India – media
TOKYO (Reuters) -Japan’s Suzuki Motor plans to take a position about 150 billion yen ($1.26 billion) to supply electrical automobiles and batteries in India, Japanese media reported on Saturday.
Japanese Prime Minister Fumio Kishida is visiting India on Saturday to fulfill his Indian counterpart Narendra Modi. Suzuki’s funding plan might be a part of an announcement by Kishida throughout his journey of plans to take a position 5 trillion yen over the following 5 years in India, in line with the Nikkei enterprise each day.
Suzuki has determined to construct a brand new electrical car manufacturing line in India with the goal of beginning operations as early as 2025, Nikkei stated, with out figuring out the supply of its report.
A Suzuki Motor spokesperson declined to verify the reviews.
($1 = 119.1700 yen)
(Reporting by Maki Shiraki and Chang-Ran Kim, Writing by Ju-min Park; Modifying by Kenneth Maxwell)
