According to Nikkei Asia, Maruti Suzuki’s first electric vehicle might cost up to $ 13,700 (about Rs. This estimate of the price has been produced after removing any government subsidies or other incentives.
Numerous firms have introduced electric vehicles in the country. Mahindra & Mahindra, Tata, Hyundai, and MG Motor are all part of this group. However, with a 50% share of the automotive market, Maruti Suzuki is likely to dominate the market with the launch of electric vehicles.
The central government is always promoting electric automobiles throughout the country. The government has set a goal of achieving 100% electric mobility in the country by 2030. Additionally, the government provides numerous forms of subsidies to do this.
Despite the government’s efforts, the country has a low rate of electric vehicle sales. Maruti Suzuki’s entry into this sector will result in significant growth in sales of these vehicles, as it currently holds the market’s largest share.
Maruti Suzuki Upcoming Electric Car
Maruti Suzuki is taking the electric vehicle market seriously. The corporation has announced a $ 9 billion (about Rs 670 billion) investment in the development and research of vehicle electrification by March 2026.
According to the Nikkei Asia article, Maruti Suzuki is also preparing a battery production site. This facility is being constructed in partnership with Denso and Toshiba. The plant, which is slated to be operational by September, will manufacture batteries for Maruti’s already available hybrid automobiles.