Gandhinagar: Amidst the ongoing push for electric vehicles (EVs) in India, Maruti suzuki Chairman of India Limited (MSIL) RC Bhargava Said that subsidizing them alone would not help in reducing India’s carbon footprint. He stressed the need to promote electric vehicles as well as other alternative fuels.
“Let’s move to electric vehicles and customers should buy them. However, if we want to reduce our carbon footprint, other technologies and fuels must also be used. Electricity alone will not work in India. Bhargava Interacting with the media in Gandhinagar, organized to commemorate 40 years of Suzuki’s presence in India.
“At present, only electric vehicles are being encouraged. The government needs to promote all alternative fuels instead of petrol. Petrol and diesel should not be promoted. Other variants like CNG, hybrid and ethanol, which are in intermediate stages, should also be encouraged and encouraged,” he said.
He also said that the pace of acceptance of electric vehicles in India will be slow as compared to other countries. “Even though electric vehicles will grow every year in this market, overall acceptance will be slow due to several variables. Everyone is going electric globally. In the context of the Indian market and the way it is excluded in terms of the high proportion of two-wheelers, small cars and diverse purchasing power of customers, the pace of acceptance of electric cars in India will be slower than in more affluent countries,” Bhargava said.
MSIL’s parent company Suzuki Motor Corporation is set to invest Rs 10,445 crore in Gujarat by 2026.
Bhargava also discussed in detail the low affordability of cars and the declining demand for entry level cars. “The demand for entry-level vehicles is under stress. While the small car market is being squeezed, the upper market is growing optimally, and it’s not a happy situation. We have seen that some regulations have had an adverse effect on the lower end of the market. There is a need for measures that increase not only safety but also cost. There are a large number of customers with different purchasing power. How to balance it to get the right mix is a difficult matter,” he explained.
According to the chairman of MSIL, inclusive economic growth is essential for increasing the income of the people, which in turn can address affordability concerns. “The affordability and shrinkage of the entry-level market is a temporary setback. People’s income should increase. The only hope here is that economic growth will pick up. If we keep growing at 8 per cent per annum, this segment will do well.
“Let’s move to electric vehicles and customers should buy them. However, if we want to reduce our carbon footprint, other technologies and fuels must also be used. Electricity alone will not work in India. Bhargava Interacting with the media in Gandhinagar, organized to commemorate 40 years of Suzuki’s presence in India.
“At present, only electric vehicles are being encouraged. The government needs to promote all alternative fuels instead of petrol. Petrol and diesel should not be promoted. Other variants like CNG, hybrid and ethanol, which are in intermediate stages, should also be encouraged and encouraged,” he said.
He also said that the pace of acceptance of electric vehicles in India will be slow as compared to other countries. “Even though electric vehicles will grow every year in this market, overall acceptance will be slow due to several variables. Everyone is going electric globally. In the context of the Indian market and the way it is excluded in terms of the high proportion of two-wheelers, small cars and diverse purchasing power of customers, the pace of acceptance of electric cars in India will be slower than in more affluent countries,” Bhargava said.
MSIL’s parent company Suzuki Motor Corporation is set to invest Rs 10,445 crore in Gujarat by 2026.
Bhargava also discussed in detail the low affordability of cars and the declining demand for entry level cars. “The demand for entry-level vehicles is under stress. While the small car market is being squeezed, the upper market is growing optimally, and it’s not a happy situation. We have seen that some regulations have had an adverse effect on the lower end of the market. There is a need for measures that increase not only safety but also cost. There are a large number of customers with different purchasing power. How to balance it to get the right mix is a difficult matter,” he explained.
According to the chairman of MSIL, inclusive economic growth is essential for increasing the income of the people, which in turn can address affordability concerns. “The affordability and shrinkage of the entry-level market is a temporary setback. People’s income should increase. The only hope here is that economic growth will pick up. If we keep growing at 8 per cent per annum, this segment will do well.