Suzuki plans to export electric vehicles from India to Japan by 2025

author: FutureCar Staff    

Representative Director and President of Suzuki Motor Corporation Toshihiro Suzuki and Managing Director and CEO of Maruti Suzuki India Limited Hisashi Takeuchi unveiled the Maruti Suzuki electric concept SUV at the Auto Expo 2023 in Greater Noida, India on January 11, 2023.

According to the Nikkei newspaper, Suzuki Motor will begin producing electric vehicles in India and exporting them to Japan by 2025. This move is part of Suzuki's plan to establish India as its global electric car manufacturing hub. Additionally, Suzuki is considering supplying India-made EVs to Toyota Motor for European markets, which would be sold under the Toyota brand.

When asked about the report, Suzuki declined to comment, while Toyota, which owns a 4.9% stake in Suzuki, was unable to provide an immediate comment.

The Nikkei reported that Suzuki will create a new production line at a plant in Gujarat, India, operated by its subsidiary Maruti Suzuki. Production is expected to begin in the next autumn. The battery-powered cars that Suzuki plans to export to Japan will be small sports utility vehicles with a price range of approximately 3 million to 4 million yen ($20,043 to $26,724).

In addition to electric vehicles, the production line in Gujarat will also manufacture gasoline-powered cars. The expected annual capacity of the production line is 250,000 units.

According to the conversion rate of $1 = 149.6800 yen, the price range of the Suzuki electric vehicles would be approximately $20,043 to $26,724.

Reporting by Daniel Leussink and Kantaro Komiya; Editing by Jason Neely and Emelia Sithole-Matarise

Our Standards: The Thomson Reuters Trust Principles.

FutureCar Staff