Prime Minister Narendra Modi today inaugurated Maruti Suzuki’s new electric vehicle (EV) manufacturing plant at Hansalpur, Gujarat, signaling a major boost to India’s green mobility ambitions. The event also witnessed the rollout of the e-Vitara, Maruti Suzuki’s first fully electric SUV, which will be exported to over 100 countries including key markets in Europe and Japan.
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The Hansalpur facility, developed with a strong focus on “Make in India,” is set to become the company’s global hub for electric vehicle production. Suzuki Motor Corporation has pledged a massive $8 billion (₹70,000 crore) investment over the next five to six years, with a projected production capacity of one million units.
Alongside the EV rollout, the Prime Minister also inaugurated local production of hybrid battery electrodes at the TDS Lithium-Ion Battery plant, a joint venture between Suzuki, Toshiba, and Denso. This step ensures that over 80% of the battery value chain remains domestic, reducing reliance on imports and strengthening India’s EV ecosystem.
The launch drew a positive response from the stock market, with Maruti Suzuki’s shares surging nearly 3% to hit a 52-week high. Analysts see this as a sign of investor confidence in India’s electric mobility transition.
With the e-Vitara’s global debut, India positions itself as a competitive player in the EV space, creating new opportunities for jobs, exports, and technology innovation. The initiative aligns with the government’s vision of sustainable growth and self-reliance under the Atmanirbhar Bharat mission.
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