NEW DELHI: Suzuki Motor will invest $1.3 billion into electric vehicle and battery production in India, the Japanese car maker said on Sunday, as it accelerates long-term plans to achieve carbon neutrality.In a deal signed with the Indian state of Gujarat in the presence of visiting Japanese Prime Minister Fumio Kishida and Indian counterpart Narendra Modi, Suzuki said it planned to increase production capacity for electric vehicle manufacturing in the state.It aims to begin operations in 2025.
'Suzuki's future mission is to achieve carbon neutrality with small cars,' the company's president Toshihiro Suzuki said.The announcement comes as major automakers move to boost production of green cars in a bid to reduce emissions.Early this month US car titan Ford said it would separate its conventional and electric-auto businesses as it steps up production of emission-free vehicles.