India’s largest car maker, Maruti Suzuki is soon going to introduce the Maruti Suzuki electric vehicle in India. As per the report, Suzuki, Maruti’s parent company, has recently signed a pact with Toyota Motor. If the collaboration goes as per the plan, India would be able to witness the automaker’s first electric vehicle (EV) in the country. It has been further mentioned in the report that enthusiasts will be able to see the first EV (electric vehicle) from the stable of Maruti Suzuki stable in less than two years!
Maruti Suzuki to roll-out its first electric car in India soon
Maruti Suzuki, the largest car manufacturer in India, is going to launch the first electric vehicle from the company in the country soon. The company has not yet revealed the production plans and code name of the all-new electric vehicle from the Maruti stable but it has been reported that the automaker is likely to introduce the new vehicle in by 2020.
With the increasing environmental concerns, a lot of automakers are introducing hybrid and electric variants of their models. Some of the renowned car manufacturers including Jaguar Land Rover, Volvo and few other big carmakers have already pledged to make only electric or hybrid cars from 2020. The move is aimed at curbing the increasing pollution in the air as well as the increasing global warming.
Initial concerns for Maruti Suzuki electric vehicle in India
The electric vehicle from the Maruti Suzuki stable can prove to be a game-changer for the automaker as well as for the auto industry in India. Despite being a growing market, one of the major challenges for the automaker will be to boost the sale figures of the electric vehicle in the country. It will be one of the future deciding factors for the electric vehicle segment and a lot would purely depend on the fact how the company places the electric vehicle, in terms of pricing, in the competitive market.
As per the report, if major subsidies are not given on the electric vehicles by the government, the electric vehicles (EV) would remain too expensive for the average buyer who can think of buying a four-wheeler priced at Rs. 2.5-3.5 lakh.
A major challenge for the Electric Vehicles in India
Another major challenge in the path of electric vehicles in India is the infrastructure. If we want to see more electric vehicles in India, there would be a necessity of electronics value chain and charging infrastructure besides the local battery cell manufacturing unit to bring down the cost of the vehicle. A UBS report suggests that the government would require investing considerably to drive industry growth.
Source: Economic Times