Toyota , Honda and Suzuki are spending billions of dollars to build new cars and factories in India, a sign of the country’s growing importance as a manufacturing hub as Japanese automakers redraw global supply chains to reduce dependence on China.

Toyota, the world’s largest carmaker, and Suzuki, the leader in the Indian market with almost a 40% share, have separately announced investments totalling $11 billion to beef up manufacturing and export capabilities in the world’s third-largest auto market. Honda said last week it will make India a production and export base for one of its planned electric cars . India’s low costs and vast labour pool have long been an attraction for manufacturers.

Japanese carmakers shifting to India from China

Now, Japanese automakers are stepping u

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