 "Suzuki Motor's President Toshihiro Suzuk")
Suzuki Motor, the Japanese parent of India's largest passenger vehicles maker Maruti Suzuki India Ltd (MSIL), is gearing up to produce affordable electric vehicles for the Indian market.
The ball was set in motion by starting work on a Rs 1,151 crore lithium ion battery-manufacturing unit in the Suzuki Motor Gujarat Suppliers Park in Hansalpur.
This apart, the company also announced plans to set up a third plant in Gujarat at Rs 3,800 crore, which would take the net investment in Hansalpur to Rs 13,400 crore (excluding the Rs 1,151 crore lithium ion battery plant, which is being set up as a joint venture).
