OveruseJuly 20, 2021 12:50:52 PM IST
Suzuki is set to enter the Indian electric car market before 2025, according to a new report. According to the latest news on this front, the Maruti Suzuki (EV) is currently under construction and is scheduled to be released in the country over the next three years. This EV is also likely to be priced aggressively as Suzuki aimed for a price tag of 1.5 million yen (JPY) after grants.
This less than 10 million Maruti Suzuki EV is a compact car, so it can be either a hatchback or a small SUV. This vehicle is to be developed in conjunction with Toyota and could also be the basis for a Toyota derivative. This is a continuation of a global alliance of two companies through which technologies and products are shared. The report also reveals that Suzuki is working to set up a battery plant in India in partnership with Denson and Toshiba to supply battery packs to its hybrid models.
If Suzuki achieves these goals, this could be a significant step in making BEV engines a viable option for cost-effective cars sold in the country. Experts suggest that EV and ICE car price parity is also expected to reach around 2025, which would help Maruti Suzuki price EVs aggressively. The price point below 10 l also allows electric cars to take full advantage of the steady flow of support announced by the state and central government.
This development follows the announcement by Tata Motors that it intends to launch 10 new electric cars by 2025, at least some of which are priced with the Maruti Suzuki offer. Mahindra is also meant to start a a steady stream of electricity starts from next year.