Thursday, Japan’s Suzuki Motor Corp invests $ 34.8 billion (4.5 trillion yen) through Fiscal 2023 in R&D (Research and Development) & capital spending to build electric vehicles.
Overview
Japanese giant automaker Suzuti known for compact “kei” cars announced today, it would invest 2 Trillion yen in electrification & autonomous technology (FSD) & 2.5Trillion yen to build battery EV plants and renewable energy like solars.
Of money earmarked for electrification, 500 billion yen will be invested in a battery plant.
Suzuki president, Mr. Hisashi Takeuchi announced that it would introduce its first electric vehicle including a sporty-utility vehicles & Micro “kei” car in japan this year 2023, it would be affordable with the customer in mind Hisashi wants to sell 1 million yen vehicles.
Suzuki unveils later when all its rival has revealed its oar to capture the European and USA market.
Suzuki plans to learn from Toyota how to use EV technology to build small compact electric cars, he said during a visit to India, this month.
Suzuki plans to launch the first electric motorcycle globally in India and japan, in the following years no exact date is revealed yet.
The reason to select Toyota is that it captures the biggest share of India’s budding EV market, thatswhy Suzuki plans to learn EV technology from Toyota Motors.
Mazda Motor Corp plans to invest $10.6 Billion in November to build an electric vehicle or battery plant.
“Still, Toshihiro Suzuki said on Thursday the automaker was not abandoning hybrid and internal combustion vehicle line-ups, pointing to a lack of charging infrastructure, high EV costs, and concerns over limited battery resources.”
For India, Suzuki’s key market, it predicted EVs would make up 15% of its vehicle line-up in fiscal 2030, while internal combustion engine cars using biofuels and ethanol as fuels would make up 60%.
How much does Suzuki Motor Corp invest in EVs?
Thursday, Japan’s Suzuki Motor Corp invests $ 34.8 billion (4.5 trillion yen) through Fiscal 2023 in R&D (Research and Development) & capital spending to build electric vehicles.
Who is the rival of Suzuki Motor Corp in EV?
Mazda Motor Corp is a true rival of Suzuki, its plans to invest $10.6 Billion in November to build an electric vehicle or battery plant.
How much does Suzuki Motor Corp invest in an EV battery plant?
Suzuki Motor Corp invests 2.5 trillion yen to build battery EV plants and renewable energy like solars.
When Maruti Suzuki launches its first electric vehicle in japan?
Suzuki president, Mr. Hisashi Takeuchi announced that it would introduce its first electric vehicle including a sporty-utility vehicles & Micro “kei” car in japan this year 2023
When Maruti Suzuki launches its first electric vehicle in japan?
Suzuki plans to launch the first electric motorcycle globally in India and Japan, in the following years no exact date is revealed yet.
When Maruti Suzuki launches its first electric vehicle in India?
Suzuki plans to launch the first electric motorcycle globally in India and Japan, in the following years no exact date is revealed yet.
Maruti Suzuki to launch multiple Electric vehicles in India by 2025: says CEO & MD, Mr. Hisashi Takeuchi
Maruti Suzuki to launch multiple Electric vehicles in India by 2025: says CEO & MD Hisashi Takeuchi on Sunday.
Maruti Suzuki will launch its multiple electric Models in India by 2025 says New CEO and MD Hisashi Takeuchi.
The World Largest automaker company Maruti Suzuki now planning to launch multiple electric Models in India by 2025 in its bid to catch up with the EV competition and become the market leader in the EV segment says the New managing director and CEO, Mr. Hisashi Takeuchi.
Maruti has aim to launch its first electric vehicle in 2025 and also plans to produce its electric vehicle from new factories in the future, To begin with, the first EV will roll out from Maruti Motors Gujarat Plant says, Takeuchi.
The company’s new Managing Director and CEO Hisashi Takeuchi, said, “We are a little behind our competitors in introducing the (EV) model to the Indian market, but we see that still, the market demand for those EVs is limited. Actually, sales of EVs in the Indian market are still very, very limited,”, As per the PTI report.
As electric vehicles growing in India day by day, many competitors of Suzuki are available in the EV market such as tata motors, Toyota, etc. all of them working on their electric vehicles also getting successful EVs such as tata motors, Tata Nexon EV, and Toyota Motor Corporation, Toyota Mirai.
Takeuchi said in an interaction. “We have done a very extensive test of our EV utilizing our existing models and putting those batteries and motors and everything into this existing model. We have been doing this test for more than a year with multiple cars in the Indian environment so that we are sure that our EV technology will be good in the environment, which is very, very tough in India,” PTI report.
As Tata Motors to invest Rs.15,000 crore in the EV segment in 5years and has a plan to develop 10 new products said the president of passenger Business of Tata motors Shailesh Chandra.
According to the FADA(Federation of Automobile Dealers Associations), Tata Motors led the electric passenger segment with a retail of 15,198 units and a market share of 85.37% in the vertical.
As per the e-Vahan portal, India has around 9.66lakh EVs including UP has 2,76,217 EVs and Delhi has 1,32,302 Evs, Arunachal Pradesh and Mozomria have the least no. Evs.
In the Six-Year to October 2019, fewer than 8,000 EVs were sold in India as per the Bloomberg report.