Maruti Suzuki not entering EV segment in the short term: RC Bhargava

The country’s largest carmaker, Maruti Suzuki NSE -0.11 %, will not enter electric vehicles in the short term and will enter “only when it is feasible” to sell reasonable numbers, chairman R C Bhargava told shareholders at the company’s 40th annual general meeting.

Bhargava said the government’s focus is on the electrification of two-wheelers at present, where companies like Hero Electric and Ola have been focusing on product interventions. In the passenger vehicles segment, a few manufacturers have brought EVs, “but the sales volume is minimal, and it has had no impact on the market share of Maruti Suzuki,” Bhargava said.