The chairman of Japan’s Suzuki Motor announced on Tuesday the company’s plan to invest 700 billion rupees ($8 billion) in India over the next five to six years. The investment aims to increase production, launch new models, and defend its market share in the world’s third-largest car market. India is Suzuki Motor’s largest market in terms of sales and revenue, where it maintains a strong presence through its majority stake in the market-leading Maruti Suzuki.