Suzuki Chairman, Mr Osamu Suzuki, said the company will invest 50 billion yen (AUD$603 million) on expanding engine production capacity and on R&D at its Indian facilities over the next two years. The total amount will be split 50:50 between engines and R&D.
Suzuki said yesterday the number of vehicles produced by its subsidiary in India topped 1 million units for the 2009 fiscal year, the first time since it began manufacturing in 1983.
The fiscal 2009 production figure represents an increase of about 30 per cent from a year earlier for Maruti Suzuki, the biggest car manufacturer in India controlling about half of the market.
The unit has manufactured a total of 8.79 million cars in India since the launch of production.