- This is expected to happen till 2025 in both Japan and India.
- The Japanese automaker is likely to invest around Rs. 3000 crores for the new plant to increase the production of Electric Vehicles in India and Rs. 7,300 crores to manufacture electric batteries.
- Also, Hyundai and Tata Motors have announced elaborated plans for the electrification of their products.
- The segment has made an estimation of 5,500- 6,000 sales of the last FY- and saw a jump of 60-75% over FY20.
- Also, Toyota has tied up to enter the non-IC engine vehicle business and India will be a key part of this plan.
- The new plant is to up near the existing Suzuki plant in Gujarat.
- The Plant will be owned by Suzuki Motor Gujarat, a 100% subsidiary of Suzuki Motor Corporation, and supplies to Maruti.
Question:
Q.1 Which car company has recently announced the investment of Rs. 10,440 crores to build a new electric car?
a. Hyundai
b. Tata Motors
c. Suzuki Motor
d. None
a. Hyundai
b. Tata Motors
c. Suzuki Motor
d. None
