NEW DELHI: Maruti Suzuki (MSIL) Chairman RC Bhargava on Wednesday indirectly indicated that the current size of India’s battery powered passenger vehicle market is too small for the automaker to launch a model in this segment. He said it makes no sense for MSIL, which sells one in every two cars sold in India, to launch an electric vehicle (EV) that doesn’t sell around 10,000 units a month.
“Unfortunately, we won’t be happy if we are able to sell only a few hundred or just a thousand units of a model. Okay, these volumes are good but they leave us unexcited. So we have to see if we started selling an EV, we would want to sell maybe 10,000 in a month… I have to have a car that is more saleable,” said Bhragava on the sidelines of the company’s Q2 result announcement. In FY21, total electric PV sales stood at 5,905 units.
