Toshihiro Suzuki, president of Suzuki Motor Corp., said it will build a new global research and development company in India, and will continue to invest in India aggressively. The new company, which is a wholly-owned unit of Suzuki Japan, will help Suzuki to strengthen its research and development competitiveness and capabilities not only for India but also for the global markets.
Toshihiro Suzuki said that India has become one of the most important countries for the Suzuki Group, and added that it will continue to aggressively invest in India.
For Suzuki, India is one of the largest markets in terms of profit and revenues, and one where the company has so far invested 8.13 billion dollars to support Maruti, and also make sure that it maintains its leadership position.
Over 60 percent of the 2.8 million automobiles of Suzuki Group produced across the world in 2021 were made in India. Suzuki started producing cars in Gujarat in 2017 for Maruti and plans to export the cars to countries including Africa and Latin America.
In March 2022, the Japanese automobile company said, it plans to invest around 1.3 billion dollars in its India factory to produce electric vehicles starting in 2025, and batteries in 2026.
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