Japanese automaker Suzuki Motor will invest Rs 70,000 crore in India over the next five to six years to expand operations, boost production, and launch new models, its President Toshihiro Suzuki has announced.

The statement came after Prime Minister Narendra Modi flagged off the first “e-Vitara,” Suzuki’s first Battery Electric Vehicle (BEV), manufactured at Suzuki Motor Gujarat. The made-in-India e-Vitara will be exported to over 100 countries, including major European markets and Japan. Suzuki has already invested Rs one trillion in India, creating over 1.1 million jobs.

Toshihiro Suzuki said, “We remain committed to supporting India’s vision for sustainable green mobility and contributing to Viksit Bharat.” The Gujarat facility is set to become one of the world’s largest auto hubs with a capacity of one million units. PM Modi also inaugurated a lithium-ion battery plant by Suzuki, Toshiba, and Denso in Hansalpur, aimed at domesticising EV battery production.