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Suzuki Motor plans to invest about ¥150 billion ($1.26 billion) to produce electric vehicles and batteries in India, Japanese media reported on Saturday.

Prime Minister Fumio Kishida is visiting India on Saturday to meet his Indian counterpart, Narendra Modi. Suzuki’s investment plan will be part of an announcement by Kishida during his trip of plans to invest ¥5 trillion over the next five years in India, according to the Nikkei business daily.

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