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Suzuki to Halve Car Development Time to Compete with China's Rapid Auto Growth.
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CNBC Awaaz•28-09-2026, 12:26
Suzuki to Halve Car Development Time to Compete with China's Rapid Auto Growth.
- •Japanese auto company Suzuki Motor Corp. is accelerating its operations to compete with China's rapidly growing auto companies.
- •The company aims to develop new cars almost twice as fast as before.
- •Suzuki CEO Toshihiro Suzuki stated that the company plans to reduce car development time to 24 months by the end of this decade, down from the current 40 to 48 months.
- •Suzuki noted that Chinese companies like BYD, Leapmotor, and Xiaomi are rapidly developing new cars and advancing in software, batteries, and new technologies, increasing pressure on older car companies.
- •Suzuki now considers India one of its largest markets and plans to increase its production capacity in India to 4 million units by 2030.
Key Questions Answered
Suzuki Motor Corp. aims to reduce its car development time to 24 months by the end of this decade. Currently, developing a new car takes about 40 to 48 months.
Chinese automakers such as BYD, Leapmotor, and Xiaomi are driving intense competition through ultra-fast development cycles, software-first designs, and rapid adoption of new battery technologies.
Suzuki plans to increase its production capacity in India to 4 million units annually by 2030, up from less than 3 million units.
