Chairman of Japan’s Suzuki Motor Corp Osamu Suzuki on Thursday announced third car plant at company’s existing manufacturing facility in North Gujarat.
The new plant will come up at an estimated investment of Rs 3800 crore. The company’s existing production capacity is 250000 cars per annum. Meanwhile during the function symbolic foundation stone was also laid for a car battery plant.
The lithium-ion plant to be jointly established by Suzuki, Denso and Toshiba will come up near Suzuki’s car manufacturing facility in Hansalpur and it would be first of its kind in India. Suzuki stated that the new plant, which would make lithium ion batteries for hybrid car models to be sold in domestic and international markets, will be set up with a proposed investment of Rs 1,151 crore.