that Suzuki Motor may establish India as a base for electric vehicles to meet the local demand, news agency Reuters said, citing Japanese media reports. may increase. Kenichi Ayukawa, MD and CEO of Maruti Suzuki India Limited (MSIL), had earlier suggested that the Suzuki plant in Gujarat might be developed as an EV hub.
At present, the Indian EV sector is dominated by electric two and three-wheelers. While there are a lot of options in the electric car space. Almost all of these are in the luxury segment, which are priced around Rs 1 crore and above. Tata Motors continues to dominate the ‘affordable’ EV space with the Nexon EV and Tigor EV electric models. But while companies like MG Motor (MG Motor) and Hyundai (Hyundai) have confirmed bringing more affordable EV models to the country, Maruti Suzuki has so far remained silent about its plans.
There have been reports of Maruti Suzuki testing the WagonR electric model and it has also been spotted during a trial run. But Maruti Suzuki has earlier said that it will enter the EV space only if it feels that it can manufacture and sell electric cars in large quantities.
Maruti Suzuki India President RC Bhargava said last year, “Maruti Suzuki is a leader in the passenger vehicle industry, and it absolutely intends to take the lead in EVs. But it is important to understand that EV penetration will happen in India only when conditions become such that consumers can buy it. Bhargava had also said that selling electric cars in India is not easy due to its high cost.