ENA Sectors 2024-01-10 13:25:13 <p><span style="font-size:14px"><strong>Gandhinagar, Jan 10 (KNN)</strong> Japanese carmaker Suzuki Motor is set to make a significant investment of 350 billion rupees (USD 4.21 billion) in building a second car plant in Gujarat, India, announced Toshihiro Suzuki, President, Suzuki Motors, on Wednesday.</span></p> <p><span style="font-size:14px">This move is part of Suzuki's strategy to boost production capacity in one of its key markets.</span></p> <p><span style="font-size:14px">Toshihiro Suzuki revealed that an additional 32 billion rupees would be invested to add a new production line in an existing plant in Gujarat, at an investment summit in the state.</span></p> <p><span style="font-size:14px">This investment aims to strengthen Suzuki's foothold in the electric vehicle segment.</span></p> <p><span style="font-size:14px">India's thriving auto market holds strategic importance for Suzuki, especially with its subsidiary Maruti Suzuki leading the car sales charts.</span></p> <p><span style="font-size:14px">The new investments are expected to increase Suzuki's annual production capacity to 2 million units in Gujarat, as highlighted in the company's official statement.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 36218 https://knnindia.co.in/news/newsdetails/sectors/suzuki-announces-421-billion-investment-for-second-car-plant-in-gujarat 2024-01-10 13:25:13 knnindia.co.in