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Maruti Suzuki completes 40 years; PM Modi lays foundation stone of 2 new facilities in Gujarat, Haryana

Maruti Suzuki

Maruti Suzuki marks 40 years

At a ceremony commemorating Maruti Suzuki and Suzuki Japan’s 40 years of working together in India, Prime Minister Narendra Modi laid the cornerstones for two new Suzuki Group projects: the Suzuki Motor Gujarat Electric Vehicle Battery Manufacturing Facility in Hansalpur, Gujarat, and Maruti Suzuki’s upcoming vehicle manufacturing facility in Kharkhoda, Haryana. 
 
On Sunday, the occasion took place at Gandhinagar’s Mahatma Mandir. Bhupendra Patel, the chief minister of Gujarat, H.E. Mr. Satoshi Suzuki, chairman of Maruti-Suzuki, T. Suzuki, and Osamu Suzuki, CEO of Suzuki Motor, were all present at the event. Manohar Lal, the chief minister of Haryana, and Modi’s colleague from Japan, Fumio Kishida, also appeared by video conference. 
 
With an estimated expenditure of Rs. 7,300 crore, Suzuki Motor Gujarat Electric Vehicle Battery Manufacturing Facility would be built to produce batteries for electric vehicles (EVs). The factory would have a 10 lakh car annual production capacity. Over Rs 11,000 crore would be spent on the project’s first phase of setup. 
 
“The success of Maruti-Suzuki also represents the strong India-Japan partnership,” Modi stated during the occasion. Our two countries’ relations have improved significantly during the past eight years. Today, a number of development initiatives serve as examples of India and Japan’s friendship, from the Gujarat-Maharashtra bullet train to the Rudraksh centre in Banaras, Uttar Pradesh. 
 
The PM also paid tribute to the late Shinzo Abe, the previous prime minister of Japan, saying, “When it comes to this friendship, every Indian undoubtedly remembers our buddy, the late Shinzo Abe.” When talking about when Abe visited Gujarat, Modi noted that the locals still had good memories of it. He continued, “Today PM Kishida is advancing the efforts he made to bring our countries closer.

Maruti Suzuki

In Gujarat, Maruti Suzuki will begin EV production in 2035, according to Bhargava. “This cooperation has proved that the mix of Japanese and Indian strengths results in world-class competitiveness,” he added in reference to the Maruti Suzuki and Suzuki Japan relationship in the nation. 98% of our employees pay income taxes, and many have cars and homes. We were aware of the importance of a strong and competitive supply chain. 
 
“The success of Maruti-Suzuki also represents the strong India-Japan partnership,” Modi stated during the occasion. Our two countries’ relations have improved significantly during the past eight years. Today, a number of development initiatives serve as examples of India and Japan’s friendship, from the Gujarat-Maharashtra bullet train to the Rudraksh centre in Banaras, Uttar Pradesh. 
 
The PM also paid tribute to the late Shinzo Abe, the previous prime minister of Japan, saying, “When it comes to this friendship, every Indian undoubtedly remembers our buddy, the late Shinzo Abe.” When talking about when Abe visited Gujarat, Modi noted that the locals still had good memories of it. He continued, “Today PM Kishida is advancing the efforts he made to bring our countries closer. 
 
In Gujarat, Maruti Suzuki will begin EV production in 2035, according to Bhargava. “This cooperation has proved that the mix of Japanese and Indian strengths results in world-class competitiveness,” he added in reference to the Maruti Suzuki and Suzuki Japan relationship in the nation. 98% of our employees pay income taxes, and many have cars and homes. We were aware of the importance of a strong and competitive supply chain. 
 
“I feel that we owe this success to the understanding and support of the people and government of India,” the Japanese PM added, praising Suzuki management for seeing the potential of the Indian market. Recently, the manufacturing sector has received a variety of assistance measures thanks to Prime Minister Modi’s strong leadership, which has caused the Indian economy to grow even faster. 
 
Several other Japanese businesses have expressed a desire to invest in India, according to Kishida, who also emphasized the significance of this year as India and Japan celebrate their 70th anniversary of diplomatic relations.

Thoughts of Suzuki President

The president of Suzuki Motor noted the significance of India for the Suzuki Group, saying, “In the last fiscal, Suzuki Group manufactured over 28 lac autos worldwide. Over 16 lac units, or roughly 60% of those, were produced in India. Additionally, India’s exports last year reached a record-high level of nearly 2.4 lac units. The Suzuki Group now heavily relies on India as a hub for global automobile production. 
 
Several other Japanese businesses have expressed a desire to invest in India, according to Kishida, who also emphasized the significance of this year as India and Japan celebrate their 70th anniversary of diplomatic relations. 
 
The president of Suzuki Motor noted the significance of India for the Suzuki Group, saying, “In the last fiscal, Suzuki Group manufactured over 28 lac autos worldwide. Over 16 lac units, or roughly 60% of those, were produced in India. Additionally, India’s exports last year reached a record-high level of nearly 2.4 lac units. The Suzuki Group now heavily relies on India as a hub for global automobile production.