Prime Minister Narendra Modi will be laying a stepping stone for Suzuki’s electric vehicle (EV) battery manufacturing facility to be established in Gujarat. He will launch the construction of the plant at an event commemorating Suzuki’s 40th anniversary in India. Suzuki is planning to invest approximately Rs 73 billion in the Hansalpur EV battery plant in Gujarat. The company intends to produce advanced chemistry cell batteries for EVs.
The company plans to enter the Indian market with EVs by 2025. Suzuki’s investment in the Gujarat battery plant is one part of its expansion strategy. Altogether, Suzuki has committed to investing approximately Rs 104 billion in the Suzuki Motor Gujarat plant to manufacture EVs and batteries. Suzuki’s second EV battery initiative in India follows TDS Lithium-Ion Battery Gujarat which it established in Gujarat with Toshiba and Denso.
Gensol Engineering Limited, a company based in Ahmedabad, is also planning to enter the EV market with segments in personal mobility and cargo EVs. The company intends to open its EV manufacturing facility in Chakan, Pune, with a monthly capacity of producing 1,200 units.