The electric vehicle space has been growing rapidly in India over the past few years. The lack of EV-related infrastructure and the high costs of EVs have kept Maruti Suzuki away from this segment. But now, Suzuki Motor Corporation, the parent company of India’s largest passenger carmaker, has revealed its long-term electrification plan, along with silhouette teasers for six of its upcoming EVs slated for release in India by 2030. Here’s all that you need to know about Suzuki’s electrification plan: –
- The first of these six EVs is expected to be launched in India by 2025. It could be the production model of the eVX electric concept that was recently showcased at the 2023 Auto Expo. Thanks to the dual motor setup, the concept model even claimed to feature an all-wheel drive system (AWD).
- The other five models include EVs from various body styles. Three of them seem to be electric versions of WagonR, Swift and the recently unveiled Fronx compact SUV.
- Suzuki also has plans to introduce carbon-neutral IC engine vehicles that will use CNG, biogas and ethanol mixed fuels. The company will emanate biogas from cow dung and dairy wastes, thus promoting economic growth in rural areas of India.
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- The company predicts 25 per cent of its entire sales to come from hybrid electric vehicles and 10 per cent from battery electric vehicles by 2030. The company aims to reach carbon neutrality in Japan and Europe by 2050 and in India by 2070.
- Suzuki expects India and Africa to be among the fastest-growing regions. It also forecasts the Indian economy to grow from USD 1.6 trillion (Rs 130 lakh crore) at present to USD 13.5 trillion (Rs 1,113 lakh crore) by 2050. Furthermore, Suzuki announced to invest 4.5 trillion yen (Rs 2.82 lakh crore) by the end of 20230 with an aim of doubling its turnover to Rs 4.39 lakh crore and creating a carbon-neutral business model.
