Suzuki to invest 150 bn yen to build electric vehicles, batteries in India

New Delhi, March 19 : Suzuki Motor Corp. of Japan plans to invest 150 billion yen ($1.26 billion) to build electric vehicles and batteries in India, Japanese media reported on Saturday. The Japanese automaker plans to expand the capacity of its plant in Gujarat, in western India, to make electric vehicles starting around 2025. It will also build an electric vehicle battery factory near the plant, said the reports. The reports come as Japanese PM Fumio Kishida is visiting India for the 14th India-Japan Annual Summit talks with PM Modi. RN