Suzuki Motor Corporation has signed a memorandum of understanding (MOU) with the Indian state of Gujarat, to invest around 150 billion yen (approximately 104.4 billion rupees/ $1.2 billion) for the domestic manufacturing of lithium-ion electric vehicle batteries.
The MOU was signed on 19 March at India-Japan Economic Forum held in New Delhi, India.
Toshihiro Suzuki, representative director and president, Suzuki Motor Corporation said: “Suzuki’s future mission is to achieve carbon neutrality with small cars.
“We will continue active investment in India to realise self-reliant India (Atma-nirbhar Bharat).”
