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Japanese automaker Suzuki announced that it plans to invest approximately $4.6 billion in two projects to increase production in India, its main market. This was reported by NHK,
This was reported by NHK, as reported by Ukrinform.
Suzuki announced that it has reached an agreement with the authorities of the Western Indian state of Gujarat to open a factory here in fiscal 2028.
The annual production capacity of this enterprise is expected to be one million cars.
The automaker also plans to add an electric vehicle production line to its existing facility in the state.
It is stated that the line can start production as early as fiscal year 2026 and will increase the capacity of the facility by 250,000 vehicles per year.
According to Ukrinform, Japanese automobile manufacturer Honda Motor is evaluating the possibility of establishing a facility for electric vehicle production in Canada. The amount of investment is 14 billion US dollars.
Source: Ukrinform
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