Japan’s Suzuki Motor to speculate $1.3 billion for electrical automobile manufacturing in India

© Reuters. FILE PHOTO: The brand of Suzuki is seen on a wheel of Maruti Suzuki Vitara Brezza automotive throughout its launch in Mumbai, India, March 8, 2016. REUTERS/Danish Siddiqui/File Picture

TOKYO (Reuters) -Japan’s Suzuki Motor plans to speculate about 150 billion yen ($1.26 billion) to provide electrical automobiles and batteries in India, Japanese media reported on Saturday.

Japanese Prime Minister Fumio Kishida is visiting India on Saturday to fulfill his Indian counterpart Narendra Modi. Suzuki’s funding plan might be a part of an announcement by Kishida throughout his journey of plans to speculate 5 trillion yen over the subsequent 5 years in India, in accordance with the enterprise each day.

Suzuki has determined to construct a brand new electrical automobile manufacturing line in India with the goal of beginning operations as early as 2025, Nikkei stated, with out figuring out the supply of its report.

A Suzuki Motor spokesperson declined to verify the reviews.

($1 = 119.1700 yen)

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