{"id":498205,"date":"2024-01-10T15:35:56","date_gmt":"2024-01-10T10:05:56","guid":{"rendered":"https:\/\/apnlive.com\/?p=498205"},"modified":"2024-01-10T15:35:56","modified_gmt":"2024-01-10T10:05:56","slug":"suzuki-gujarat-global-summit-investment","status":"publish","type":"post","link":"https:\/\/apnlive.com\/india-news\/suzuki-gujarat-global-summit-investment\/","title":{"rendered":"Vibrant Gujarat Global Summit 2024: Suzuki Motor Corp President Toshihiro Suzuki announces Rs 35,000 crore investment for Gujarat plant"},"content":{"rendered":"\n<p>Maruti Suzuki India (MSI) on Wednesday made a number of announcements regarding its plans for Gujarat, with Toshihiro Suzuki, President, Suzuki Motor Corp, making these announcements during his address at the inauguration ceremony of the Vibrant Gujarat Global Summit (VGGS) 2024 in Gandhinagar.<\/p>\n\n\n\n<p>The carmakers plans for the state include a second manufacturing facility, in addition to the existing one in Hansalpur Becharaji. Suzuki said we will invest Rs 35000 crore for a second plant which would produce another one million units per year. The new plant is expected to open in FY 2028-29. He added details of the location and the models to be produced will be shared in due course.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">&quot;The first Battery Electric Vehicle from Suzuki group will be rolled out from Suzuki Motor Gujarat by the end of this year&quot;<br><br>Mr.Toshihiro Suzuki<br>(President, Suzuki Motor Corporation, Japan)<a href=\"https:\/\/twitter.com\/hashtag\/VGGS2024?src=hash&amp;ref_src=twsrc%5Etfw\">#VGGS2024<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/VibrantGujaratGlobalSummit?src=hash&amp;ref_src=twsrc%5Etfw\">#VibrantGujaratGlobalSummit<\/a> <a href=\"https:\/\/t.co\/pmc2rgW2ZV\">pic.twitter.com\/pmc2rgW2ZV<\/a><\/p>&mdash; Gujarat Information (@InfoGujarat) <a href=\"https:\/\/twitter.com\/InfoGujarat\/status\/1744968367361143264?ref_src=twsrc%5Etfw\">January 10, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The car maker\u2019s annual production capacity from Gujarat, therefore, will&nbsp; increase to 2 million (20 lakh) units, with both the existing and upcoming facilities contributing equally. Suzuki also announced that the group\u2019s maiden battery electric vehicle (BEV) too will come from Suzuki Motor Gujarat by the end of the year.<\/p>\n\n\n\n<p>Suzuki said they plan to sell this model not only in India, but also export to Japan and Europe. Also, in order to expand the BEV in future, they will invest Rs 3200 crore in Suzuki Motor Gujarat to add a new fourth production line which can produce 2.5 lakh units per year. He added this fourth line is expected in FY 2026-27.<\/p>\n\n\n\n<p>He further stated that already, the manufacturer has, in partnership with the National Dairy Development Board (NDDB) and Banas Dairy, started construction of four biogas plants in Gujarat. Maruti Suzuki India, a subsidiary of Japan\u2019s Suzuki Motor Corporation leads the Indian passenger car segment with a market share of 42%. Suzuki Motor has around 58% stake in Maruti Suzuki India. Suzuki said under the leadership of Prime Minister Narendra Modi, the automobile market has been expanding steadily and as a result, India has become the third largest market in the world.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The carmakers plans for the state include a second manufacturing facility, in addition to the existing one in Hansalpur Becharaji. Suzuki said we will invest Rs 35000 crore for a second plant which would produce another one million units per year. The new plant is expected to open in FY 2028-29.<\/p>\n","protected":false},"author":4,"featured_media":498211,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":"","jetpack_publicize_message":"Vibrant Gujarat Global Summit 2024: Suzuki Motor Corp President Toshihiro Suzuki announces Rs 35,000 crore investment for Gujarat plant","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1497,1518],"tags":[103589,160780],"yst_prominent_words":[],"ppma_author":[140543],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/d2r2ijn7njrktv.cloudfront.net\/apnlive\/uploads\/2024\/01\/10153355\/Maruti-_1_.webp","jetpack_sharing_enabled":true,"authors":[{"term_id":140543,"user_id":4,"is_guest":0,"slug":"apnnewsdesk","display_name":"APN Live","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/478eacb893eda88aa6ed8d99b005bf58?s=96&r=g"}],"_links":{"self":[{"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/posts\/498205"}],"collection":[{"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/comments?post=498205"}],"version-history":[{"count":0,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/posts\/498205\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/media\/498211"}],"wp:attachment":[{"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/media?parent=498205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/categories?post=498205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/tags?post=498205"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=498205"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/ppma_author?post=498205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<!-- html is corrupted -->