Commemorating 40 years of its presence in India, Maruti Suzuki India Limited (MSIL), a subsidiary of Japanese auto major Suzuki Motor Corporation (SMC), will be holding celebrations at Mahatma Mandir in Gandhinagar later this week.
During the event, Prime Minister Narendra Modi will lay the foundation stone for two major projects: a passenger vehicle manufacturing plant by the SMC in Sonipat, Haryana, and its battery plant in Hansalpur, Gujarat. This will be the second battery plant to come up at Hansalpur in the land parcel adjacent to the passenger vehicle manufacturing plant of SMC.
Established in March 2014, the Suzuki Gujarat facility caters to domestic and export demands for the automaker. SMC has invested an estimated Rs 12,680 crore in Gujarat to set up its car manufacturing plant with a capacity of 7.5 lakh units per annum. It manufactures Baleno, Swift and Swift Dzire at the Hansalpur plant. The Japanese automobile giant will make a further investment of Rs 7,300 crore in the upcoming battery plant, which will be commissioned by 2026.
According to a stock exchange filing by MSIL, earlier this year, at the Japan-India economic forum held in Delhi, SMC inked an MoU with the government of Gujarat. The company aims to invest Rs 10,440 crore in local manufacturing of battery-operated electric vehicles (BEV) and BEV batteries and commission it by 2025.
The investments by SMC are in line with its mission to achieve carbon neutrality with small cars. The passenger vehicle manufacturing plant in Gujarat, which employs about 3,200 people, recently rolled out its two-millionth vehicle (20 lakh cars) from the SMC plant.