Vibrant Gujarat Summit 2024 funding increase: Japanese carmaker Suzuki Motors has introduced its plans to make important investments in Gujarat. The corporate will make investments Rs 3,200 crore in a brand new manufacturing line at its current plant in Gujarat, and a further Rs 35,000 crore in a second plant within the state.
The President of Suzuki Motors, Toshihiro Suzuki, revealed that the corporate is aiming to launch its first electrical car from the Gujarat plant earlier than the tip of this yr.He additional added that the corporate intends to not solely promote this electrical car mannequin in India but additionally export it to Japan and a few European nations.
In line with an ET report, the brand new manufacturing line can have the capability to fabricate a further 2.5 lakh items per yr, growing the annual manufacturing of Suzuki Motor Gujarat from the present 7.5 lakh items to 10 lakh items yearly.
Moreover, the development of a second automotive plant in Gujarat will probably end in a further manufacturing capability of 10 lakh items per yr for Suzuki Motors. This may convey Suzuki Motors’ complete annual manufacturing capability in Gujarat to round 20 lakh items.
Suzuki Motors’ funding in Gujarat is a strategic transfer, contemplating India’s thriving auto market. The corporate’s subsidiary, Maruti Suzuki, is already the highest carmaker in India by way of gross sales.
The tenth version of the Vibrant Gujarat World Summit 2024 has kicked off as we speak and can run from January 10 to January 12, 2024.
Addressing the Vibrant Gujarat World Summit 2024, Adani Group’s Gautam Adani introduced that the group will make investments $24 billion within the state of Gujarat over the subsequent 5 years. Reliance Industries Chairman Mukesh Ambani additionally stated that the Reliance group will proceed to play a number one function in Gujarat’s progress story.
The President of Suzuki Motors, Toshihiro Suzuki, revealed that the corporate is aiming to launch its first electrical car from the Gujarat plant earlier than the tip of this yr.He additional added that the corporate intends to not solely promote this electrical car mannequin in India but additionally export it to Japan and a few European nations.
In line with an ET report, the brand new manufacturing line can have the capability to fabricate a further 2.5 lakh items per yr, growing the annual manufacturing of Suzuki Motor Gujarat from the present 7.5 lakh items to 10 lakh items yearly.
Moreover, the development of a second automotive plant in Gujarat will probably end in a further manufacturing capability of 10 lakh items per yr for Suzuki Motors. This may convey Suzuki Motors’ complete annual manufacturing capability in Gujarat to round 20 lakh items.
Suzuki Motors’ funding in Gujarat is a strategic transfer, contemplating India’s thriving auto market. The corporate’s subsidiary, Maruti Suzuki, is already the highest carmaker in India by way of gross sales.
The tenth version of the Vibrant Gujarat World Summit 2024 has kicked off as we speak and can run from January 10 to January 12, 2024.
Addressing the Vibrant Gujarat World Summit 2024, Adani Group’s Gautam Adani introduced that the group will make investments $24 billion within the state of Gujarat over the subsequent 5 years. Reliance Industries Chairman Mukesh Ambani additionally stated that the Reliance group will proceed to play a number one function in Gujarat’s progress story.
