Japan's Suzuki Motor unveiled its new growth strategy on Thursday, saying it will introduce electric vehicles in Japan, Europe and India.

Suzuki will launch battery electric mini-vehicles for commercial use in Japan in the fiscal year starting in April. They will be the firm's first EVs.

The company plans to expand the lineup to compact SUVs and passenger mini-vehicles, with six models to be rolled out by fiscal 2030.

Suzuki will offer battery EVs in Europe in fiscal 2024. It will add SUVs and B-segment small cars to the lineup, with five models to be launched by fiscal 2030.

The automaker will release a battery electric SUV in India in fiscal 2024, with six models on the market by fiscal 2030.

Suzuki's Indian subsidiary, Maruti Suzuki, showcased the concept model of the SUV at an auto expo near the capital New Delhi earlier this month. Maruti Suzuki has the country's largest market share of passenger vehicles.

Suzuki Motor also announced its investment plans for fiscal 2023 to fiscal 2030, worth a total of 4.5 trillion yen, or roughly 34.5 billion dollars.

The company will spend about 15.3 billion dollars on research and development and some 19.2 billion dollars on capital investment over the period. The capital expenditures will go to projects such as the construction of a battery EV plant.

Suzuki says it will aim to double its annual net sales from the fiscal 2021 level to around 53.7 billion dollars in fiscal 2030.