First Maruti Suzuki EV to cost over Rs 10 lakh: Launch by 2025 – Times of India

it has been known that maruti suzuki There are no plans to rush to launch its first electric vehicle in India. Electric WagonR Was seen testing many times but Maruti It clarified that it will not launch an electric car until the EV market in the country matures. maruti suzuki india chairman RC Bhargava Ltd. has now said that the company’s first EV will be positioned in the upper segment of the market.
Maruti Suzuki is the country’s largest producer and seller of passenger vehicles and sees a significant contribution to these sales volumes through its more affordable offerings. For example, Maruti sold 7.88 lakh hatchbacks in the current fiscal, accounting for 68.4 per cent share in this segment. It will be interesting to see a premium electric car in Maruti’s lineup and how it performs in the market.
Read also: India’s first Maruti 800 fully restored! Maruti Suzuki Finds Home in Headquarters
“Initially, they will be in the upper part of the market. They are not going to hit the low end of the market initially. We expect good customer acceptance for these electric vehicles as they are carefully designed and manufactured,” Bhargava informed shareholders at the company’s Annual General Meeting (AGM). The upcoming Maruti electric car will be manufactured here suzuki motor gujarat Plant.
The new Maruti EV will have more localization due to the upcoming battery plant. Last week, the foundation stone of Suzuki Motor Gujarat EV battery manufacturing facility was laid in Hansalpur, Gujarat. First of all Electric Maruti Suzuki is expected to be introduced by 2025.