The first all-electric model by Maruti will be based on the eVX concept that was showcased at the Auto Expo 2023.
Suzuki has unveiled its global strategy plan, which includes a range of pure electric cars, as well as co-branded Toyota-Suzuki models.
According to the released document, Suzuki plans to introduce its first EV in the Indian market in FY2024. The first all-electric model by Maruti will be based on the eVX concept that was showcased earlier this month at the Auto Expo 2023.
The introduction of the eVX-based EV will be just the beginning, as Maruti Suzuki plans to have a line-up of six EVs in India by FY2030. Unlike its rivals, Maruti is likely to focus on the mass market.
Suzuki’s future line-up will consist of a mix of powertrains ranging from conventional ICE, hybrid and pure-electric vehicles. The carmaker expects ICE models to account for 60% of the domestic market by the end of the decade. These will include vehicles running on CNG, biogas and ethanol mixed fuels. Hybrid will have a larger market share of 25%, while Battery Electric Vehicles (BEVs) will account for 15%.
India and Africa are expected to be the fastest-growing regions for the brand. The carmaker aims to double its turnover in India by the end of the decade. To achieve this, the company plans to invest Rs. 2.82 lakh crore into electrification, batteries and the construction of a battery manufacturing plant.
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