Suzuki Motor Corporation, the parent company of Maruti Suzuki, intends to establish India as a hub for the production of electric cars, with the first batch of these vehicles anticipated to be released as early as 2025, according to a news article.
Suzuki will begin manufacturing electric automobiles in Gujarat and ship them to Japan. According to the article, the corporation would also consider exporting India-made EVs to partner Toyota Motor for European markets, which would be sold under the Toyota brand.
Suzuki will establish a new electric car production line at its Gujarat facility, which currently manufactures petrol vehicles. According to the source, the battery-powered cars that Suzuki intends to ship to Japan would be compact SUVs priced between 3 and 4 million yen ($20,043).
Maruti Suzuki now lags behind competitors such as Tata Motors, which is the industry leader in EVs and has promised that it would have 10 EVs in its lineup by 2026. Maruti, on the other hand, does not provide any pure electric vehicles. Hyundai, Maruti's archrival, has also committed to launching six EVs by 2028.
Although Maruti Suzuki had previously stated that it planned to introduce six EVs by 2031, investors were worried that rival companies would introduce EVs more quickly than Maruti.
Additionally, the company had declared that it will invest around 150 billion yen (roughly Rs 10,445 crore) by 2026 to support the local production of electric vehicles (EVs) and the batteries needed for them at the Gujarat facility.
Add Comment