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PM Modi Meets Suzuki Motors Advisor To Discuss Investment, Innovation In India

PM Modi met Suzuki Motors Advisor Osamu Suzuki in Japan.

Tokyo:

Prime Minister Narendra Modi on Monday met Suzuki Motor Corporation Advisor Osamu Suzuki to debate alternatives in funding, innovation, manufacturing of electrical automobiles, and recycling centres in India.

“In a meeting with Advisor Osamu Suzuki, PM Modi appreciated Suzuki’s transformational role in India’s automotive industry,” MEA spokesperson Arindam Bagchi tweeted.

Prime Minister Modi is in Japan on a two-day go to to attend a summit of the Quad leaders on the invitation of his Japanese counterpart Fumio Kishida.

In March this yr, Suzuki Motor Corporation introduced that it will make investments round 150 billion yen (about Rs 10,445 crore) by 2026, for native manufacturing of Battery Electric Vehicles (BEV) and batteries in Gujarat.

The firm’s wholly-owned arm Suzuki Motor Gujarat Pvt Ltd (SMG) would make investments Rs 7,300 crore for the development of a plant for BEV batteries on land neighbouring SMG’s current plant by 2026. Also, SMG will make investments one other Rs 3,100 crore for rising manufacturing capability for BEV manufacturing by 2025.

Another group agency Maruti Suzuki Toyotsu India Pvt Ltd (MSTI) will make investments Rs 45 crore within the development of a car recycling plant by 2025.

Last yr in November, MSTI — the three way partnership between the Maruti Suzuki and Toyota Tsusho Group — commenced operations of the car dismantling and recycling unit at Noida in Uttar Pradesh.

The facility, unfold over 10,993 sq. metres, has a capability to scrap and recycle over 24,000 ELVs (finish of life automobiles) yearly.

In November 2019, the 2 companions introduced a three way partnership for establishing the car scrapping and recycling unit.

(Except for the headline, this story has not been edited by NDTV employees and is revealed from a syndicated feed.)

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