The emblem of Suzuki is seen on a wheel of Maruti Suzuki Vitara Brezza automotive throughout its launch in Mumbai, India, March 8, 2016. REUTERS/Danish Siddiqui/File Photograph
TOKYO, March 19 (Reuters) – Japan’s Suzuki Motor (7269.T) plans to speculate about 150 billion yen ($1.26 billion) to provide electrical automobiles and batteries in India, Japanese media reported on Saturday.
Japanese Prime Minister Fumio Kishida is visiting India on Saturday to satisfy his Indian counterpart Narendra Modi. Suzuki’s funding plan might be a part of an announcement by Kishida throughout his journey of plans to speculate 5 trillion yen over the subsequent 5 years in India, in accordance with the Nikkei enterprise day by day. learn extra
Suzuki has determined to construct a brand new electrical car manufacturing line in India with the goal of beginning operations as early as 2025, Nikkei mentioned, with out figuring out the supply of its report.
A Suzuki Motor spokesperson declined to verify the reviews.
($1 = 119.1700 yen)
Reporting by Maki Shiraki and Chang-Ran Kim, Writing by Ju-min Park; Enhancing by Kenneth Maxwell
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