TOKYO -- Suzuki Motor said Saturday that it will build a new factory in India to make EV batteries, with an aim to have the plant up and running in 2025 or 2026.
The Japanese automaker intends to invest a total of around 150 billion yen ($1.26 billion) on the new plant, and to increase production of electric vehicles in India. Suzuki hopes to expand sales of EVs in the country as the government promotes electric cars as part of its decarbonization effort.
