GANDHINAGAR, India: Japan's Suzuki Motor Corp will set up a new global research and development company in India and continue to invest in the country aggressively, its president Toshihiro Suzuki said on Sunday .
"India has become one of the most important countries for Suzuki Group," he said at the event attended by Indian Prime Minister Narendra Modi and his Japanese counterpart Fumio Kishida, adding that Suzuki would keep investing in India. Suzuki is the majority owner of Maruti, which dominates India's car market with its small, low-cost vehicles. But the company faces growing competition as buyers shift to bigger cars such as sports-utility vehicles and regulators demand safer and greener cars, pushing up costs.
More than 60 per cent of Suzuki Group's 2.8 million automobiles produced all over the world last year were made in India, company president Suzuki said on Sunday.