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Suzuki Motor Corporation has announced its growth strategy for fiscal 2030.

Outline of Growth Strategy:

Toward fiscal 2030, Suzuki will contribute to the realization of a carbon-neutral society and the economic growth of emerging countries such as India, ASEAN and Africa, with its main business regions of Japan, India and Europe at its core.






Four-wheeled vehicles:

Starting with the launch of mini commercial battery EVs in FY2023, Japan plans to launch small SUVs and light passenger vehicles, and will develop six models by FY2030. In addition, we will develop a new hybrid type for mini cars and compact cars, and provide customers with many options by combining it with battery EVs.
In Europe, we will launch battery EVs from FY6 and expand them to SUVs and B segments, and will roll out five models by FY2024. We will flexibly respond to the environmental regulations of European countries and meet the needs of our customers.
In India, we will launch the battery EV announced at Auto Expo 2030 in FY5 and roll out six models by FY2023. In addition to battery EVs, Suzuki will continue to introduce carbon-neutral internal combustion engine vehicles that use fuels containing hybrid vehicles, CNG, biogas, and ethanol to provide a wide range of products and services.

Battery EV launch plan:



Motorcycle:
For small and medium-sized motorcycles that are used as a means of commuting to work, school, shopping, etc., battery EVs will be introduced in FY2024. We plan to roll out eight models by FY2030 and have a battery EV ratio of 8%. For large motorcycles with strong hobby characteristics, we are considering using carbon-neutral fuel.

Biogas Business in India:
Toward FY2030, the Indian market is expected to continue to grow, but CO from products2Even if emissions are reduced, an increase in total emissions is inevitable. In order to continue to grow together with India, we will increase unit sales and CO2We will take on the challenge of reducing total emissions at the same time.
To this end, Suzuki will take on the challenge of manufacturing and supplying biogas fuel using cow dung, which is a common dairy waste in rural India, as a raw material. This biogas fuel can be used directly in Suzuki's CNG vehicles, which account for about 70% of the CNG vehicle market share in India.
Suzuki has signed a memorandum of understanding with the National Dairy Development Organization, an agency related to the Indian government, and Banas Dairy, one of Asia's largest dairy manufacturers, to conduct a biogas demonstration project. In addition, we have invested in Mt. Fuji Asagiri Biomass, a joint venture company that handles biogas power generation using cow dung as a raw material in Japan, and have begun to accumulate knowledge.
We believe that the biogas business in India will not only contribute to carbon neutrality, but also promote economic growth and contribute to Indian society. In the future, we are also considering expanding to other regions such as Africa, ASEAN, and dairy farming areas in Japan.

Suzuki, a leading company in the Indian automotive industry, will contribute to carbon neutrality and economic growth in emerging countries because developed and emerging countries will work together to achieve CO.2It is in line with the purpose of the Paris Agreement to reduce emissions, and we believe that we can contribute to stakeholders around the world.


R&D System and External Collaboration:
Suzuki's headquarters, Yokohama Research Laboratory, Suzuki R&D Center India, and Maruti Suzuki will work together to efficiently develop future technologies, prior art, and mass production technologies while sharing the areas of production. In addition, in order for Suzuki to take root thoroughly in India, the Suzuki Innovation Center is conducting exploratory activities. In addition, we will enhance our manufacturing capabilities in collaboration with outside the Group, such as industry-academia-government collaboration through joint research with start-up companies, Suzuki cooperative associations, and universities in Japan and India.
We will deepen our cooperative relationship with Toyota Motor Corporation while remaining a competitor, aiming for sustainable growth and overcoming various issues surrounding the automotive industry. We will collaborate to develop advanced technologies such as autonomous driving and in-vehicle batteries, expand business in promising emerging countries, work toward carbon neutrality in India, and create an environmentally friendly recycling-oriented society.
Suzuki Global Ventures, a corporate venture capital fund established in 2022, is accelerating co-creation activities with startups beyond the boundaries of companies and existing businesses. Not only in Japan, but also overseas, we will invest in areas that contribute to solving customer and social issues, and contribute to the development of an ecosystem that grows with startups.

R&D and capital investment:
By fiscal 2030, we will invest 2 trillion yen in research and development and 2.5 trillion yen in capital investment, for a total of 4.5 trillion yen. Of the 4.5 trillion yen, we will invest 2 trillion yen in electrification-related investments, of which 5 billion yen will be invested in battery-related investments.
We plan to invest 000 trillion yen in R&D in carbon-neutral areas such as electrification and biogas, as well as in autonomous driving.
Capital investment is planned to be 2.2 trillion yen for the construction of a battery EV plant and renewable energy facilities.

Consolidated sales target:

The forecast consolidated sales for the fiscal year ending March 2023 are 3.4 trillion yen, and we continue to grow at a pace that exceeds the sales target of 5.2026 trillion yen for the fiscal year ending March 3 set in the medium-term management plan. By contributing to the growth of emerging countries, Suzuki will continue to grow together. In fiscal 4, we will continue to take on the challenge of doubling our net sales from 8.2030 trillion yen in the fiscal year ending March 2022 to 3 trillion yen.

Source: Suzuki

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Suzuki's Global plans, collaboration with Toyota, India plans, motorcycle business, etc.

Suzuki Motor to launch 6 EVs in India by 2030, expects EVs and Hybrids to account for 40% of its total sales.

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Suzuki Jimny will likely become an EV by 2030 but will be headed to Europe first.

Starting with Europe, the highlight is the EV variant of the Suzuki Jimny which is depicted with an illuminated grille and modern LED graphics on the round headlights.
Besides the BEV, Suzuki is also planning a mild hybrid version of the Jimny, allowing it to be sold in Europe as a passenger vehicle (it is now offered in two-seater LCV form due to emission regulations).

Next to the silhouette of the Jimny EV we can see an SUV that appears to be the Suzuki Fronx. The model was revealed earlier this month in India but it seems that Suzuki is planning on offering an EV variant in Europe. Below, there are two more SUVs – one of them is unknown (could it be the next generation of the Vitara?), and the other looks like the production version of the eVX concept. Finally, there is a city car that appears to be smaller than the currently available Ignis, rounding up the five EV debuts.

The first electric Suzuki in Europe will arrive by 2024, while the automaker has already confirmed that the production-ready eVX is expected in 2025.

India:

Suzuki plans six new EV launches for the Indian market by 2030, with the first one scheduled for 2024. The highlight here is an unknown small SUV that looks different from the currently available Brezza. This model is the only one not shared with other markets. Predictably, India will also get the Fronx EV and the eVX, alongside the unknown SUV that also appeared in Europe, and a couple of kei cars including the adventurous Hustler.

India plans will go beyond that as the eVX will be hit the road by 2025, followed by EV's in the lower segment.

First Maruti EV to go on sale in India by 2025
Five more full-EV models to follow by 2030
More co-branded Toyota-Suzuki models on the way

Apart from the eVX, Maruti’s core strength will continue to be smaller and mass-market EVs, unlike competitors who are going towards a majority of bigger vehicles for their future EV portolio.

Suzuki expects India and Africa to be among the fastest growing regions. It forecasts the Indian economy to grow from USD 1.6 trillion (Rs 130 lakh crore) at present to USD 13.5 trillion (Rs 1,113 lakh crore) by 2050.


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