Maruti Suzuki India (MSIL) plans to bring six electric vehicles (EVs) by 2030, said a senior company executive.
Speaking at the ABP’s Ideas of India Summit, Shashank Srivastava, senior executive officer (marketing and sales) said that the cost of acquisition is one of the important factors impeding EV adoption in India.
“If a normal car is Rs 100 then EV is Rs 160 due to the high cost of batteries. Maruti Suzuki is trying to bring down battery costs. Also, we will have six EVs in different segments by 2030. Our estimate is this market which is 1% today will be around three per cent in 2024-25, and will be about 17 per cent in 2030 which means out of about six million cars, one million will be EVs in 2030.”
