Suzuki announces Growth Strategy for FY2030
Suzuki Motor Corporation has announced its Growth Strategy for FY2030 with the motto to deliver "value-packed products" by focusing on the customer. Suzuki says it will carry out "its unique Growth Strategy for FY2030 by operating under the principle of manufacturing 'Sho-Sho-Kei-Tan-Bi (Smaller, Fewer, Lighter, Shorter, Beauty)' 'Lean Management', which emphasizes flexibility, agility and the challenging spirit, and the 'Three Actuals' principle, which omits impracticality and focuses on the actual place, thing and situation".
For FY2030, Suzuki says it "will contribute to the realisation of a carbon neutral society and the economic growth of emerging countries such as India, ASEAN and Africa, with our main business regions, Japan, India and Europe, as the core.
"We will focus on creating solutions that are unique to Suzuki, which are to develop products and services focused on the customer and grow along with the operating countries and regions.
"Based on the target date set by each government, Suzuki aims to achieve carbon neutrality in Japan and Europe by 2050 and in India by 2070. We will continue to strive to achieve our carbon neutral goals for each region, based on our mindset to expand our customers' choices and deliver products and services that meet the needs of each region.
'we will introduce a battery small to mid-sized motorcycle in FY2024'
"For small and mid-sized motorcycles, which are used for daily transportation such as commuting to work, school or shopping, we will introduce a battery EV in FY2024. We plan to launch eight models by FY2030 with a battery EV ratio of 25%. For large motorcycles for leisure purposes, we are considering adopting carbon neutral fuels".
Suzuki says it will challenge itself to achieve carbon neutrality of domestic plants in FY2035. "We are promoting the Suzuki Smart Factory Creation by drawing out how manufacturing should be in 2030, so that we continue to become a company that secures people's means of mobility worldwide. By combining Suzuki's principle of manufacturing 'Sho-Sho-Kei-Tan-Bi (Smaller, Fewer, Lighter, Shorter, Beauty)' with digitalisation, we will optimise, minimise and simplify the flow of data, things and energy. Through these initiatives, we will become lean and tackle carbon neutrality".
At the Hamamatsu Plant, which is the motorcycle production hub, Suzuki says that the plant will now target to achieve carbon neutrality in FY2027, earlier than its initial target of 2030, doing so through reduction of energy use and conversion into renewable energy, including the expansion of solar power generation facilities.
'carbon neutrality at the Hamamatsu Plant in FY2030 is now targeted for 2027 - three years earlier than previously planned'
"By utilising the know-hows earned at the Hamamatsu Plant to other plants, we will make initiatives to achieve carbon neutrality of all domestic plants in FY2035. We will invest 2tn yen in R&D expenses and 2.5tn yen in capital expenditures, a total of 4.5tn yen by FY2030 - of which 2tn yen will be electrification-related investments, with 500bn yen of that going into battery-related investments.
"Consolidated net sales forecast for FY2022 is 4.5tn yen, which is growing at a pace to exceed the 4.8tn yen target for FY2025 set in the mid-term management plan. We would like to grow in line with the emerging countries by contributing to their growth. We will challenge ourselves to double the FY2021 net sales result of 3.5tn yen to 7tn yen in FY2030".
