Suzuki: Making India an EV export base
-India’s EV market of 1.4 billion people-
-Establishing an export base for Africa-
– We bring you a summary from Nihon Keizai Shimbun.
Suzuki’s EV export base in India:
Nihon Keizai Shimbun/October 19, 2023
The article ”Suzuki makes India an EV export base” was published.
Suzuki will locate a factory in India that will be the core of EV production.
What purpose does it have?
Production begins in fall 2024:
It will be produced by subsidiary Maruti Suzuki from autumn 2024.
The company will start exporting small SUV EVs to Japan from 2025.
Accumulate know-how at low cost:
Maruti Suzuki has accumulated know-how by taking advantage of low costs.
Produce low-cost EVs to compete with Chinese competitors.
Export model changes:
Traditionally, Japanese manufacturers have typically established a production model in Japan and then moved overseas.
In the future, Japan’s automobile exports will stagnate, and Japan’s trade balance will worsen.
Suzuki’s strategy is to anticipate changes in the export model.
Promising African exports:
In the future, the company aims to make India an export base for Africa.
Suzuki is very popular in Africa:
Suzuki says, ” Sales volume in 2022 will increase by 60% compared to the same period last year.” It is also popular in Africa.
Similarities between India and Africa:
Not only from a geographical perspective, but also because of the close climate, road environment, and economic power.
India will export not only gasoline cars but also EVs to the world.
EV sales share in India:
The forecast for 2023 is that ”Tata’s EV sales share will be 70%,” which stands out.
Sales volume in the first half of 2023 is 15,000 units. EV share is still less than 1%.
Indian government goals
The company has set a goal of making 30% of new car sales EV by 2030.
The “Indian EV market with a population of 1.4 billion people” continues to expand.
https://www.nikkei.com/article/DGXZQODL18A290Y3A011C2000000/
New car sales in India: overtakes Japan to rank third in the world
-Indian car exports to Africa are doing well-
– Suzuki to attract EV supply network to India –
We will deliver a summary of Nihon Keizai Shimbun articles.
New car sales in India:
Sales of new vehicles, including commercial vehicles, reached 4.85 million units in FY2022.
It surpassed Japan’s sales volume and became the 3rd place in the world.
“Make in India”
Suzuki fully supports ‘Make in India’.
Suzuki is starting EV production in India with an eye on future growth.
Let the EV industry take root in India.
https://www.nikkei.com/article/DGXZQOUC183HL0Y3A011C2000000/