Prime Minister Narendra Modi met on Monday with Osamu Suzuki, adviser to Suzuki Motor Corporation, to discuss opportunities in India’s investment, innovation, electric vehicle production and recycling centers.
“While meeting with adviser Osamu Suzuki, Prime Minister Modi appreciated Suzuki’s transformative role in the Indian auto industry,” tweeted MEA spokesman Arindam Bagchi.
Prime Minister Modi is in Japan for a two-day visit to attend a Quad leaders’ summit at the invitation of his Japanese counterpart Fumio Kishida.
In March this year, Suzuki Motor Corporation announced that it would invest about 150 billion yen (about Rs 10,445 crore) in local production of battery electric vehicles (BEV) and batteries in Gujarat by 2026.
The entire arm of the company, Suzuki Motor Gujarat Pvt Ltd (SMG), is set to invest Rs 7,300 crore by 2026 for the construction of a BEV battery plant on the land adjacent to SMG’s existing plant. Also, SMG will invest another Rs 3,100 crore for increasing production capacity for BEV production by 2025.
Another group company Maruti Suzuki Toyotsu India Pvt Ltd (MSTI) will invest Rs 45 crore in the construction of a car recycling plant by 2025.
Last year in November, MSTI – the joint venture between the Maruti Suzuki and Toyota Tsusho Group – started operations of the car dismantling and recycling unit at Noida in Uttar Pradesh.
Spread over 10,993 square meters, the facility has the capacity to scrap and recycle more than 24,000 ELVs (end-of-life vehicles) annually.
In November 2019, the two partners announced a joint venture to set up the car demolition and recycling unit.
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