Suzuki Motor Corp has announced a revised strategy for its operations in India, aiming to achieve an annual production capacity of 4 million vehicles by FY2030. The company outlined this plan in its mid-term management strategy for FY2025-30, released on February 20. The expansion is expected to serve both domestic and export markets, including Europe and Africa.
The company has committed an investment of 1,200 billion yen (approximately ₹67,000 crore) over the five-year period. The funds will be directed toward expanding manufacturing capabilities, developing electric vehicle (EV) technologies, and strengthening supply chains for key components such as batteries and semiconductors.
Suzuki has also confirmed plans to introduce four new battery electric vehicles (BEVs) in India by FY2030. The company stated that its strategy aligns with government initiatives promoting EV adoption, including the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme and the Production-Linked Incentive (PLI) program.
India remains a key market for Suzuki, both in terms of domestic sales and exports. Maruti Suzuki, the company’s Indian subsidiary, aims to maintain a significant market share amid increasing competition in the EV sector from domestic manufacturers such as Tata Motors and Mahindra & Mahindra, as well as global brands like Hyundai and BYD.
Suzuki stated that it plans to invest in research and development to localize critical EV components, reducing reliance on imports and optimizing production costs. The company is also focusing on expanding its dealership network and charging infrastructure to improve the EV ownership experience.
Market analysts are monitoring how Suzuki’s revised strategy will impact its position in India’s evolving automotive sector. The company’s ability to implement its expansion plans while addressing competition and shifting consumer preferences will determine its future market standing.