Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

Suzuki Motor Plans to Heavily Invest in Electric Cars in India

- Advertisement -

Suzuki Motor wants electric vehicles to account for about 30% of the entire production, in sync with the Government of India’s plan to increase the electric vehicles ratio to 30% on the roads by 2030

Japanese automobile manufacturer, Suzuki Motor Corporation, is planning to heavily invest in the production of electric vehicles in India, as the country is moving to curb pollution and reducing oil imports due to rising prices.

“We want to practice ‘Make in India,’ including the batteries that are indispensable for next-generation cars,” Osamu Suzuki, Chairman of Suzuki Motor Corporation said whole addressing a business event co-hosted by Nikkei on Monday.

- Advertisement -

To increase share of electric cars

The Japanese automaker entered India in the year 1982 and now controls over half of the auto market share in the country through its local manufacturing unit, Maruti Suzuki India. The company’s chairman said Suzuki’s cars are now nearly 100% produced locally in India.

Suzuki Motor is targeting to sell five million cars in the country in 2030, an increase from 1.65 million cars the company sold in the previous fiscal year ending March. The company wants electric vehicles to account for about 30% of the entire production, in sync with the Government of India’s plan to increase the electric vehicles ratio to 30% on the roads by 2030.

Other vehicles crucial too

In addition, Suzuki Motor said that other types of vehicles, such as hybrids, are also crucial in order to cope with the increasing crude oil prices and environmental measures.

The carmaker has collaborated with automotive components manufacturer Denso Corporation and Japanese multinational Toshiba to build first plant for lithium-ion battery manufacturing in India and would commence production by 2020. Earlier, in September, Suzuki’s Chairman has said that the company would begin road testing of electric vehicles in October.

- Advertisement -

Most Popular Articles

Applied Materials Representational Image

Applied Materials Selects Six Startups For Deep-Tech Accelerator Programme

0
The selected deep-tech startups will be evaluated for investment by Applied Ventures and potential collaboration opportunities with Applied Materials. In collaboration with the company's India...

Magenta Mobility Expands Electric Vehicle Operations In Uttar Pradesh

0
The company aims to deploy over 2,500 electric vehicles and hire 1,200 delivery partners by 2025 as it extends services to four new cities. Magenta...

PURE EV And Arva Electric Team Up to Boost Electric Mobility In Middle East,...

0
Increased fuel costs, enhanced efficiency of vehicles, and governmental incentives are boosting the popularity of electric motorcycles in the UAE. Indian electric two-wheeler company PURE...

India’s Lithium-Ion Battery Demand To Jump To 127GWh By 2030

0
India currently imports nearly all of its Li-ion batteries, but according to CareEdge Ratings, this dependency is anticipated to decrease to 20% by FY27....

PM Advisor Tarun Kapoor Calls For Review Of Tax On Batteries, EV Charging

0
Tarun Kapoor, Adviser to the Prime Minister, suggested that it might be necessary to reconsider the taxation on batteries. He also noted that the...
Abhishek Malik from Calcom Vision Limited

“India’s Electronics Sector Is Growing Rapidly, Making This The Decade For Investors To Engage”...

0
From the complexities of manufacturing and sourcing components to testing processes that drive innovation, know all the exciting dynamics shaping this ever-evolving industry in...
Sunit Kapur, CEO of Epsilon

“Epsilon Leads With Low-Carbon Graphite Manufacturing, Outpaces Chinese Competitors” – Sunit Kapur, CEO of...

0
Are LFP cathodes and silicon-graphite anodes the best for cost efficiency in EV batteries? Sunit Kapur, CEO of Epsilon Advanced Materials, discusses this with...
John W. Mitchell, President and CEO, IPC

“India’s Core Focus On 5G, IoT, AI Fosters Need For Advanced Electronics,Components, And Semiconductors”...

0
Will Industry 4.0 supercharge India’s progress in semiconductor and electronics manufacturing? IPC President and CEO John W. Mitchell shared more strategies on the country’s...
Raman M., Co-Founder and CEO, chargeMOD

“Our Goal Is To Achieve Complete Sustainability By 2025-2026” – Raman M. Of chargeMOD

0
In a conversation with Nitisha Dubey from EFY, Raman M. of chargeMOD, elaborated his goal of developing virtual power plants by decentralising power production. Q....

“Adoption Of IoT-Enabled SMT Machines Is Still In Early Phases” – Pradeep Tandon, Director...

0
While electronics are becoming smarter through the Internet of Things, is electronics manufacturing following suit? Pradeep Tandon, Director for India, Middle East, and SAARC...
Applied Materials Representational Image

Applied Materials Selects Six Startups For Deep-Tech Accelerator Programme

0
The selected deep-tech startups will be evaluated for investment by Applied Ventures and potential collaboration opportunities with Applied Materials. In collaboration with the company's India...

Space tech Startup Akash Secures $68M CHIPS Funding

0
Eyeing to power into AI, EVs, and more high-tech industries, Akash Systems lands $68 million CHIPS grant to boost its cooling tech facility, generating...

Wireless Light-Based Communication With Velmenni’s Technology

0
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link. Founded by Deepak Solanki in October 2014...

Harnessing AI Technology For Efficient Pest Management

0
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests. In an industry where pesticides and...

One Charger To Charge All Your Devices

0
Now, there is no need to carry different chargers for different products. This Bhubaneswar startup has launched a universal 65W charger using GaN technology...

Industry's Buzz

Applied Materials Representational Image

Applied Materials Selects Six Startups For Deep-Tech Accelerator Programme

0
The selected deep-tech startups will be evaluated for investment by Applied Ventures and potential collaboration opportunities with Applied Materials. In collaboration with the company's India...

Magenta Mobility Expands Electric Vehicle Operations In Uttar Pradesh

0
The company aims to deploy over 2,500 electric vehicles and hire 1,200 delivery partners by 2025 as it extends services to four new cities. Magenta...

PURE EV And Arva Electric Team Up to Boost Electric Mobility In Middle East,...

0
Increased fuel costs, enhanced efficiency of vehicles, and governmental incentives are boosting the popularity of electric motorcycles in the UAE. Indian electric two-wheeler company PURE...

India’s Lithium-Ion Battery Demand To Jump To 127GWh By 2030

0
India currently imports nearly all of its Li-ion batteries, but according to CareEdge Ratings, this dependency is anticipated to decrease to 20% by FY27....

PM Advisor Tarun Kapoor Calls For Review Of Tax On Batteries, EV Charging

0
Tarun Kapoor, Adviser to the Prime Minister, suggested that it might be necessary to reconsider the taxation on batteries. He also noted that the...

Learn From Leaders

Abhishek Malik from Calcom Vision Limited

“India’s Electronics Sector Is Growing Rapidly, Making This The Decade For Investors To Engage”...

0
From the complexities of manufacturing and sourcing components to testing processes that drive innovation, know all the exciting dynamics shaping this ever-evolving industry in...
Sunit Kapur, CEO of Epsilon

“Epsilon Leads With Low-Carbon Graphite Manufacturing, Outpaces Chinese Competitors” – Sunit Kapur, CEO of...

0
Are LFP cathodes and silicon-graphite anodes the best for cost efficiency in EV batteries? Sunit Kapur, CEO of Epsilon Advanced Materials, discusses this with...
John W. Mitchell, President and CEO, IPC

“India’s Core Focus On 5G, IoT, AI Fosters Need For Advanced Electronics,Components, And Semiconductors”...

0
Will Industry 4.0 supercharge India’s progress in semiconductor and electronics manufacturing? IPC President and CEO John W. Mitchell shared more strategies on the country’s...
Raman M., Co-Founder and CEO, chargeMOD

“Our Goal Is To Achieve Complete Sustainability By 2025-2026” – Raman M. Of chargeMOD

0
In a conversation with Nitisha Dubey from EFY, Raman M. of chargeMOD, elaborated his goal of developing virtual power plants by decentralising power production. Q....

“Adoption Of IoT-Enabled SMT Machines Is Still In Early Phases” – Pradeep Tandon, Director...

0
While electronics are becoming smarter through the Internet of Things, is electronics manufacturing following suit? Pradeep Tandon, Director for India, Middle East, and SAARC...

Startups

Applied Materials Representational Image

Applied Materials Selects Six Startups For Deep-Tech Accelerator Programme

0
The selected deep-tech startups will be evaluated for investment by Applied Ventures and potential collaboration opportunities with Applied Materials. In collaboration with the company's India...

Space tech Startup Akash Secures $68M CHIPS Funding

0
Eyeing to power into AI, EVs, and more high-tech industries, Akash Systems lands $68 million CHIPS grant to boost its cooling tech facility, generating...

Wireless Light-Based Communication With Velmenni’s Technology

0
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link. Founded by Deepak Solanki in October 2014...

Harnessing AI Technology For Efficient Pest Management

0
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests. In an industry where pesticides and...

One Charger To Charge All Your Devices

0
Now, there is no need to carry different chargers for different products. This Bhubaneswar startup has launched a universal 65W charger using GaN technology...