- To establish BEV manufacturing plant by 2025
- Carmaker to invest 104.4 billion rupees
In a recent regulatory filed by Maruti Suzuki, the carmaker has signed a Memorandum of Understanding (MoU) with the State of Gujarat to manufacture electric vehicles and batteries locally in the state.
With an investment of approximately 150 billion yen (over 10,400 crore), Suzuki is most likely to expand its production capacity for electric vehicle manufacturing by 2025. This will be followed by the construction of a plant for BEV batteries adjacent to the existing Gujarat facility by 2026. The automaker will also set up a vehicle recycling plant by 2025.
Besides this, with the onset of 2022, Maruti Suzuki has already begun its launch streak with the introduction of the new Maruti Suzuki Baleno, Dzire CNG, and Wagon R facelift. The company has also commenced working on the new mid-size SUV that will rival the likes of the Hyundai Creta and Kia Seltos. To know more about the upcoming SUV, click here.
