Maruti Suzuki, India’s leading passenger vehicles’ company, is eyeing a revolutionary transformation with its new initiative, Maruti Suzuki 3.0, while Renault is planning a budget electric vehicle (EV) for the country.
Even as Maruti Suzuki was not keen on rolling out electric vehicles initially, this roadmap charts an exciting course for the company, as it aims to launch a robust fleet of electric vehicles by 2031. And, the first EV in this pack is slated to roll out in 2024-25.
 |
| Maruti Suzuki plans six EVs by 2031. |
This move may pave the way for the production of over 1.5 million (15 lakh) EVs by the year 2031.
Maruti’s diverse portfolio with green focus
Maruti’s fresh strategy is to diversity and innovate. The company is planning a diversified line-up of 28 vehicles, and six of them will be fully electric.
A substantial ramp up in production is on the horizon, with the company eyeing a target of making 4 million (40 lakh) vehicles by 2031.
And in this, around 15 per cent will comprise electric vehicles, along with an additional one million (10 lakh) hybrid units.
Maruti production to surge
This ambitious plan will entail a 75 per cent increase in production capacity. Maruti is aiming to triple its export capacity, projecting a whopping 7.5 lakh (750,000) units by financial year FY31.
Speaking on the Maruti 3.0 plan, chairman R C Bhargava acknowledged the multifaceted journey of the company which made it to the number one position in the passenger car segment in India and the challenges posed during Covid.
Maruti’s six new EVs
Maruti will ensure that not only four million (40 lakh) vehicles are rolled out annually but also see that its sales remain high.
According to the blueprint, Maruti Suzuki will introduce six electric vehicle models by 2031, which will be nearly 15-20 per cent of its total line-up by then.
Maruti stresses on hybrids
Maruti Suzuki is committed to achieving carbon neutrality with its set of green vehicles, including EVs.
Chairman Bhargava said that the company places great emphasis on transformative technologies such as hybrid systems, ethanol, compressed biogas, and compressed natural gas (CNG).
All these have the potential to curtail the company’s carbon footprint to a great extent in a remarkably short span of time.
Renault’s India EV plan
Renault, which does not have substantial presence in India, is planning to enter the EV race with a below Rs 10 lakh (Rs 1 million) electric vehicle.
For this, Renault has partnered with Nissan for a Rs 5,300 crore (Rs 53 billion) investment in India’s EV space.
The budget electric vehicle is slated to be launched in the next 12-24 months and Renault has chosen to remain silent on the details for now.
E-Vroooom’s views
In conclusion, the top auto player’s vision Maruti Suzuki 3.0 marks a pivotal moment in the automotive industry’s journey towards a sustainable and electrifying future, and with a budget EV, even Renault can look to rev up its India presence substantially, if it is one of the early players in the market.
No comments:
Post a Comment