Suzuki aims to halve vehicle development time by 2030

Suzuki Motor, a Japanese automaker, announced on Friday that it wants to cut the time needed to develop new models roughly in half by around 2030, using fiscal 2020 as the baseline. Business Recorder reported that the company is pairing this goal with a push to improve how efficiently it develops and manufactures vehicles.

Under the plan set out in a company statement, Suzuki is targeting a 30% rise in development efficiency and a 50% improvement in production efficiency by 2030. It also intends to lift annual vehicle output capacity in India to between 4 million-4.99 million units by fiscal 2030 or later.

Suzuki's shares edged up 0.9% on Friday, slightly trailing the 1.1% advance in the Nikkei. The story names no company listed on Pakistani markets, and the targets are long-term goals rather than near-term results.