Highlights: –
- Suzuki to set up EV and battery manufacturing plant in Gujarat.
- A vehicle recycling facility will also come up in the state.
- Expect first Maruti electric car to be launched by 2025. It could be an electric SUV.
Taking a bold step towards electric mobility, Suzuki Motor Corporation of Japan has signed a memorandum of understanding (MoU) with the Government of Gujarat to invest approximately Rs 10,440 crore to manufacture electric vehicles (EVs) and their batteries locally. Expect Maruti Suzuki to introduce its first electric car by 2025.
As per the outline of the MoU, the brand will expand the production capacity of EVs from 2025, while the battery-production facility will be operational from 2026. Besides, the brand will also set up a vehicle recycling plant in 2025, with an investment of Rs 45 crore. Suzuki has also stated that they aim to achieve carbon neutrality with small cars.
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While the brand hasn’t specified, we expect the first electric car from Maruti Suzuki will be an electric SUV that is likely to be based on the Futuro-e concept that was showcased at the 2020 Auto Expo. It’s likely to be priced under Rs 20 lakh and will go up against the Tata Nexon EV and the upcoming Mahindra XUV300 electric. In fact, MG and Hyundai Motors are also developing affordable mass-market electric cars.
