Japanese auto giant Suzuki has revealed that it will invest around $3 billion (Rs 20,000 crore) in the Indian market over the next three years. With this mammoth investment plan, the brand aims to strengthen its dominance in the Indian market.
The Japanese company is betting big on electric and hybrid drive technologies for its portfolio. Of the $3 billion, nearly $2.3 billion will be invested by Maruti Suzuki and the rest by Suzuki Motor Gujarat. The latter will pump in investments to expand their current production capacity.
Like every other major automaker, Maruti Suzuki, too, is working on electric and hybrid technologies. Given the rapidly changing demand for electrification, the brand is expected to spend around Rs 5,000 crore annually over the next three years. The big figure will include investments in products, R&D and dealership expansion.