A new electric automobile from Maruti Suzuki could soon be introduced to the Indian market. The business has recently stated this. The forthcoming electric vehicle would be introduced in the upper segment, according to RC Bhargava, chairman of Maruti Suzuki India, during the company's 41st Annual General Meeting. There has been talk recently that Maruti Suzuki's electric vehicle can be cost-effective. Its cost was predicted to range from Rs 7.5 lakh to Rs 10 lakh. Bhargava stated the future electric automobile will cost more than Rs 10 lakh when Moneycontrol asked him about it. At the Suzuki manufacturing facility in Gujarat, EVs will be produced; their introduction to the Indian market is anticipated for 2024 to 2025.
In two years, a lot of electric cars will be introduced.
The pricing of the electric automobile was not disclosed by Bhargava, but he did state that it will be at least Rs 10 lakh, even if it is entirely built in India. Bhargava's remarks are made while EV offerings from manufacturers like Tata Motors and Mahindra are being rapidly expanded. MG Auto, Hyundai India, and Kia India are just a few of the businesses getting ready to introduce their electric vehicles. In total, 25 electric vehicles may be introduced to the Indian market during the next year or two.
Addressing the concerns expressed by the investors in the domestic production of batteries for electric vehicles.
We anticipate strong consumer acceptability in the market, according to Bhargava. These are expertly built and designed. The battery will lead to significant indigenization. A battery factory is being built in Gujarat by Suzuki Motor Corp. Suzuki Motor Corporation, the parent firm of Maruti Suzuki, recently invested Rs 7,300 crore to build a factory in Gujarat to produce e-advance chemical cell batteries for electric vehicles. On August 28, Prime Minister Narendra Modi opened the facility.