[TusharK]

The Suzuki Motor Corporation has signed a memorandum of understanding (MoU) with the government of Gujarat to ramp up electric vehicle production and set up an EV battery manufacturing unit in the state.



Under the MoU, Suzuki will invest Rs. 7,300 crore for the construction of a battery plant by 2026. Suzuki Motor Gujarat will invest another Rs. 3,100 crores for boosting its EV production capacity by 2025.

In addition to this, Maruti Suzuki Toyotsu India Pvt. Ltd. will invest Rs. 45 crore to set up a vehicle recycling plant by 2025.

The company's first recycling facility is already operational in Noida. It is also the first government-approved scrapping facility for end-of-life vehicles. Spread over 10,993 sq. mt., the recycling unit can process 2,000 vehicles per month.

Source: Money Control

Link to Team-BHP News

[Capricorn]

I've heard many news about Suzuki battery plant in Gujrat since last 4 years. Every time such news come and is projected like something new is being done for green mobility. But days go past and nothing is seen on ground. Then again another news flashes saying same content without reference of old commitment.

Is this another news floated to ensure investors keep interest or something serious this time? See some old news

https://m.indianautosblog.com/suzuki...re-p314417/amp

https://www.outlookindia.com/website...ant/302387/amp

https://www.autocarpro.in/news-natio...at-44375?amp=1

[SmartCat]

Originally Posted by Capricorn

Is this another news floated to ensure investors keep interest or something serious this time?

EV battery business will be owned by Suzuki Motor Corp (Japan), not Maruti Suzuki. So news flow on this particular business is not floated to "ensure" investor interest in Maruti stock.

[sreeharipv]

Originally Posted by Capricorn

I've heard many news about Suzuki battery plant in Gujrat since last 4 years. Every time such news come and is projected like something new is being done for green mobility. But days go past and nothing is seen on ground. Then again another news flashes saying same content without reference of old commitment.

Is this another news floated to ensure investors keep interest or something serious this time? See some old news

https://m.indianautosblog.com/suzuki...re-p314417/amp

https://www.outlookindia.com/website...ant/302387/amp

https://www.autocarpro.in/news-natio...at-44375?amp=1

Yep. This is so infuriating. Many such announcements have jaded me.

1. In 2015, Gadkari announced all 1.5 lakh buses in India will be converted to EVs within two years.

2. In 2018 or so, there was this hype about ISRO lithium ion batteries that was gonna change everything. What happened to that?

3. Every couple of years exide comes out and announce a partnership with a Switzerland firm for production of Lithium Ion Cells

4. Tata Motors announced Altroz EV and some other Vision concept 4 years ago.

5. Countless Mahindra EV announcement which amounted to nothing.

I can go on.

[Capricorn]

Originally Posted by SmartCat

EV battery business will be owned by Suzuki Motor Corp (Japan), not Maruti Suzuki. So news flow on this particular business is not floated to "ensure" investor interest in Maruti stock.

Right but the investment is supposed to be in India, half of the beneficiary market is India, Suzuki doesn't sell car products independantly and always has Maruti as India profit partner. Its India market listing contains Maruti. Gujrat car plant is also owned by Suzuki but MSIL produces car there for sell in India. So Suzuki car and parts business invariably affects Maruti and its valuation, unless I am missing something.

They need to keep investors happy by spreading news that they are preparing for future. My wife is an investor and she doesn't care if this is kind of renewed news. She may buy another share after reading this.

But this is my speculation and happy to be contradicted.

[volkman10]

Originally Posted by Capricorn

I've heard many news about Suzuki battery plant in Gujrat since last 4 years. Every time such news come and is projected like something new is being done for green mobility. But days go past and nothing is seen on ground. Then again another news flashes saying same content without reference of old commitment.

Is this another news floated to ensure investors keep interest or something serious this time? See some old news

https://m.indianautosblog.com/suzuki...re-p314417/amp

https://www.outlookindia.com/website...ant/302387/amp

https://www.autocarpro.in/news-natio...at-44375?amp=1

What you have referred to is the existing joint-venture battery factory that it operates with Japanese electronics companies Toshiba and Desno in Gujarat.
The batteries manufactured at that plant are installed in hybrid cars.

The New plant and investment being discussed is off a new EV battery plant, Suzuki hopes to gain an edge in India's EV market, which it hopes to roll out affordable EV models in both Japan and India as early as 2025,and allow it to capitalize on an expected wave of automobile electrification.


Link

[volkman10]

Suzuki and SkyDrive sign agreement on flying cars, start considering aircraft development, manufacturing and mass production systems, and market development in India

Suzuki and SkyDrive announced that they have signed a partnership agreement with the aim of commercializing "flying cars". Under the partnership agreement, consideration has been started on aircraft development, manufacturing and mass production systems, market development in India, etc., and the two parties will conduct business and technical collaboration with the aim of realizing the social implementation of "flying cars".

SkyDrive is currently developing a two-seater aircraft, aiming to realize air taxi services in the Osaka Bay Area at the 2025 Kansai Expo, and to expand its business in each region, and is promoting development with the aim of manufacturing the world's smallest compact and electric "flying car" similar to automobiles.

On the other hand, Suzuki is good at manufacturing and selling compact cars, and Suzuki and SkyDrive will consider entering the business of a new mobility "flying car" following four-wheeled, two-wheeled, and marine through mutual cooperation.

In the future, the two companies will promote business and technology collaboration to promote technology r&d, manufacturing and mass production systems, and overseas market development mainly in India, and promote carbon neutral initiatives.

Link

[volkman10]

Suzuki Motor Corporation to invest Rs 38,200 crore in Gujarat to add 1.25 million units in capacity.

Suzuki Motor will be investing Rs 3300 crore in setting up 2.5 lakh units electric vehicle production capacity in Suzuki Motor Gujarat and additionally Rs 35000 crore in setting up of 1 million units capacity by Maruti Suzuki.

Firstly, the first battery electric vehicle from Suzuki Group will be rolled out from Suzuki Motor Gujarat by the end of the year. We plan to sell this model not only in India, but also export to Japan and European countries

Secondly, the company will expand its BEV production in the future. Suzuki Group will invest Rs 3200 crore in Suzuki Motor Gujarat to add a new fourth production line which can produce 2.5 lakh units per year. This will increase the annual production capacity of Suzuki Motor Gujarat from the current 7.5 lakh units to 1 million units

have also scaled up production capacity substantially in India when compared to ten years ago. We expect 1.7 times in vehicle production, 2.6 times in exports in the current fiscal yea

will invest Rs 35,000 crore for the construction of the second car plant in Gujarat which would produce another 1 million units per year. As a result, the annual production capacity in Gujarat will be 2 million units, namely, 1 million units at SMG and 1 million units at the second new plant

Link: