NEW DELHI: After being a late mover in the green mobility space, India’s largest carmaker Maruti is set to unleash massive investments and new cars in the electric vehicles space with its Japanese parent Suzuki committing Rs 10,440 crore for zero-emission vehicles and batteries.
The investments will be made at Suzuki’s plant in Gujarat, which recently bagged benefits under the government’s production-linked incentive scheme, and is likely to see vehicles and batteries being produced for the requirements of Maruti Suzuki as well as Toyota, Suzuki’s alliance partner for the Indian market.
Maruti, which is at least two years away from launching its first mainline electric vehicle, is looking to take on Tata Motors and M&M, as well as Hyundai and group firm Kia.
