New Delhi, Nov. 6 -- Japanese auto giants Toyota, Honda, and Suzuki are collectively investing nearly $11 billion in India, marking one of the country's largest-ever foreign investment pushes in the automobile sector. The move highlights India's emergence as a manufacturing and export base as global automakers seek to reduce reliance on China.

India's combination of low costs, a skilled workforce, and supportive government policies is drawing record attention from Japan's auto industry. Suzuki, which controls about 40 per cent of India's car market, will invest $8 billion to boost production to 4 million vehicles annually. Toyota plans to add another $3 billion, expanding its hybrid component supply chain and building a new plant in Maha...