Suzuki to continue aggressive investment in India's auto industry
ROADS & HIGHWAYS

Suzuki to continue aggressive investment in India's auto industry

A senior official from Suzuki Motor Corporation stated that the company will continue to invest aggressively to expand the automobile industry in India. Executive VP Kenichi Ayukawa said, "We will continue to make investments aggressively to grow the industry and make people happy in India and continuously contribute to Atmanirbhar Bharat.

In a tweet from the Finance Ministry, Ayukawa announced that Maruti Suzuki India had increased its annual production capacity by one million units the previous month. "This could never have happened without the continuous support from the government of India," Ayukawa, who previously headed Maruti Suzuki India, noted.

He added that India is now the third-largest automobile market in the world and is expected to expand in the future. "The automobile industry requires long-term, large scale capital investment. In this regard, the consistent support by the government to the manufacturing sector is very very important, also including the PLI scheme is highly appreciative," Ayukawa said.

Suzuki Motor Corporation holds approximately 56% stake in Maruti Suzuki India. After an interaction with the Finance Minister, Ajay Singh, managing executive officer, Mitsui OSK Lines Ltd, said that the company's subsidiary had invested Rs 3,500 crore in the last year.

Executive Vice-President of the Japan External Trade Organisation, Kazuya Nakajo, said that India's investment in the expansion of logistic infrastructure is inevitable.

Finance Minister Nirmala Sitharaman, who is on a two-day visit to Japan to attend the G-7 meeting, while addressing investors, stated that India is committed to building and expanding the logistics and infrastructure sector.

As an investment destination, India has won the game, but facilitating investment is the next task, she added.

Yoshihiro Mineno, Daikin Global Business in-charge, said that the company plans to scale up manufacturing to make India a manufacturing hub.

Also Read
NMMC's road concretisation enhances infra in MIDC region
Srinagar smart city projects inaugurated by Lt. Governor Sinha

A senior official from Suzuki Motor Corporation stated that the company will continue to invest aggressively to expand the automobile industry in India. Executive VP Kenichi Ayukawa said, We will continue to make investments aggressively to grow the industry and make people happy in India and continuously contribute to Atmanirbhar Bharat. In a tweet from the Finance Ministry, Ayukawa announced that Maruti Suzuki India had increased its annual production capacity by one million units the previous month. This could never have happened without the continuous support from the government of India, Ayukawa, who previously headed Maruti Suzuki India, noted. He added that India is now the third-largest automobile market in the world and is expected to expand in the future. The automobile industry requires long-term, large scale capital investment. In this regard, the consistent support by the government to the manufacturing sector is very very important, also including the PLI scheme is highly appreciative, Ayukawa said. Suzuki Motor Corporation holds approximately 56% stake in Maruti Suzuki India. After an interaction with the Finance Minister, Ajay Singh, managing executive officer, Mitsui OSK Lines Ltd, said that the company's subsidiary had invested Rs 3,500 crore in the last year. Executive Vice-President of the Japan External Trade Organisation, Kazuya Nakajo, said that India's investment in the expansion of logistic infrastructure is inevitable. Finance Minister Nirmala Sitharaman, who is on a two-day visit to Japan to attend the G-7 meeting, while addressing investors, stated that India is committed to building and expanding the logistics and infrastructure sector. As an investment destination, India has won the game, but facilitating investment is the next task, she added. Yoshihiro Mineno, Daikin Global Business in-charge, said that the company plans to scale up manufacturing to make India a manufacturing hub. Also Read NMMC's road concretisation enhances infra in MIDC region Srinagar smart city projects inaugurated by Lt. Governor Sinha

Next Story
Infrastructure Urban

NHAI Defends Use of Mamallapuram Pond for ECR Project Ramp

                                                The National Highways Authority of India (NHAI) has informed the National Green Tribunal (NGT) that it was compelled to use a portion of a pond in Mamallapuram to construct an exit ramp for the East Coast Road (ECR) four-laning project between Mamallapuram and Puducherry. The clarification comes in response to a petition alleging that the construction encroached on the waterbody without valid justification.In its submission..

Next Story
Infrastructure Transport

Tiruvallur Begins Full Audit of Accident-Prone Roads

Tiruvallur, a fast-growing logistics and residential hub on Chennai’s northwestern edge, has begun a comprehensive audit of fatal and non-fatal road accidents across the district.Special task forces made up of transport, police, and revenue officials have started field investigations at high-risk locations such as Red Hills, Poonamallee, and Tiruvallur town.The initiative follows an alarming 188 road crashes, including 49 fatalities, reported in February alone. Tiruvallur Collector M. Prathap has directed officials to analyse five years’ worth of crash data to assess if road design flaws o..

Next Story
Infrastructure Urban

Modi Hands Over 51K Job Letters, Urges Youth to Drive Growth

Prime Minister Narendra Modi on Monday distributed over 51,000 appointment letters to newly recruited youth in various government departments and organisations, addressing them via videoconferencing during the Rozgar Mela.Speaking to the gathering, Modi said today marks the beginning of new responsibilities for the recruits. He urged them to strengthen India’s economy, boost internal security, help build modern infrastructure, and bring meaningful change to people's lives. The sincerity with which they perform their duties, he said, would directly impact India’s journey towards becoming a ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?