business in India not only contributes to carbon neutrality , but also promotes economic growth and contribute to the society of India . Suzuki is also in view of expanding the business to other farming areas in regions including Africa , ASEAN , and Japan in the future .
Suzuki , the market leader of India ’ s automobile market , contributing to carbon neutrality and economic growth of emerging countries , is consistent with the intent of the Paris Agreement , which requires harmony between developed countries and emerging countries for reduction of CO2 emission . Suzuki believes that they can contribute to stakeholders throughout the world .
R & D Structure and cooperation with outside partners
Suzuki headquarters , Yokohama Lab ., Suzuki R & D Centre India , and Maruti Suzuki will cooperate for efficient development by sharing the development in each field of future technologies , advanced technologies , and massproduction technologies . Also , the Suzuki Innovation Centre is exploring new connections and innovations for Suzuki to thoroughly take root in India . Suzuki will enhance its manufacturing strength by also cooperating with outside partners including start-up companies , Suzuki Suppliers Association , and cooperation with universities in Japan and India .
Suzuki will deepen its cooperation relationship with Toyota Motor Corporation while continuing to be a competitor , and aim for sustainable growth and conquer various issues surrounding the automobile industry . Through the cooperation , Suzuki will cooperate in development of advanced technologies including autonomous and battery of electrified cars , business expansion in promising emerging countries , efforts for carbon neutrality in India , as well as formation of a recycling-based society that considers the environment .
The Suzuki Global Ventures , a corporate venture capital fund established in 2022 , is accelerating the cocreation activities with start-up companies by exceeding the framework of each company and their conventional businesses . Suzuki will make investments in areas that serve to solve customer and social issues , and contribute to development of ecosystem that grows with start-up companies .
R & D expenses , capital expenditures
Suzuki will invest 2 trillion Yen in R & D expenses and 2.5 trillion Yen in capital expenditures , a total of 4.5 trillion Yen by FY2030 . Of the 4.5 trillion Yen , 2 trillion Yen will be electrification-related investments , of which 500 billion Yen will be battery-related investments . Two trillion Yen is planned to be invested for R & D expenses in areas including carbon neutrality such as electrification and biogas , as well as autonomous .
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