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Nikkei: Suzuki plans $547M new plant in India

Published 01/18/2019, 05:24 PM
© Reuters.  Nikkei: Suzuki plans $547M new plant in India
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  • Suzuki Motor (OTCPK:SZKMY) will build a new plant in India with a ¥60B investment (about $547M), a move that should raise capacity by double digits, Nikkei reports.
  • That's part of a goal to triple sales by 2030 in the country, Suzuki's biggest market.
  • The new facility will bring overall annual capacity up 13%, to 2.25M units.
  • It's the third operated by its wholly owned subsidiary Suzuki Motor Gujarat; Suzuki says it's completed construction of that subsidiary's second plant, devoted to the Swift subcompact, and opened a powertrain plant.
  • The company also has a 56.2% stake in local unit Maruti Suzuki India.


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