Suzuki Group’s factory in Japan will be used to make flying cars. Electric vertical take-off and landing (eVTOL) aircraft will be manufactured in this factory. Its production may start next year. Under this agreement, SkyDrive will form a wholly owned subsidiary to manufacture the aircraft and Suzuki will be responsible for assisting in preparation for manufacturing, including manpower. SkyDrive is headquartered in Toyota City, Japan. Last year, both these companies had said that they would try to enter new markets. India will also be included in these.
in India Suzuki Has partnership with Maruti. Maruti Suzuki has the highest share in the country’s passenger car market. Recently, Maruti had said that it is planning to set up a new manufacturing plant in view of the expected increase in sales and export demand. The capacity of this plant will be up to 10 lakh units annually. The company has earmarked around Rs 8,000 crore for capital expenditure in the current financial year.
The company has not finalized the location of the new plant and the investment to be made on it. Maruti had said that its board has given in-principle permission to create a capacity of 10 lakh units annually in the new plant. The new plant will be different from the manufacturing plant being built in Sonipat, Haryana. Work on the new plant will be done along with the company’s plant in Sonipat. Maruti had cash reserves of about Rs 45,000 crore at the end of the last financial year. The company had said that it will get a larger three row strong hybrid model under its collaboration with Toyota. Maruti is facing loss in production due to semiconductor shortage. However, the company expects the situation to improve in the next quarter.
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