Index Investing News
Sunday, March 29, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Will export electric cars to Japan and Europe first before launching in India: Maruti Suzuki Chairman

by Index Investing News
January 21, 2024
in Financial
Reading Time: 4 mins read
A A
0
Home Financial
Share on FacebookShare on Twitter


Maruti Suzuki India (MSIL) will start exporting its first ‘Made in India’ electric cars to Japan and Europe by the end of this year and will then launch for the domestic market by early 2025, R C Bhargava, Chairman, MSIL has said..

“We will start (roll out) the electric vehicles (EVs) by the end of this year. But the first lot of the EVs to be manufactured are going to be exported both to Europe and Japan. Probably, we will start for domestic in 2025,” Bhargava told businessline.

Maruti eVX

This will be the company’s first EV in the sports utility vehicle (SUV) segment and is code named eVX. MSIL had revealed the concept electric SUV eVX in the Auto Expo last year, showcasing MSIL’s plans towards electric mobility in India.

  • Also read: Auto sales growth likely to be muted in 2024: Maruti Suzuki executive

The vehicle is designed and developed by Suzuki Motor Corporation (Japan), underpinned by a ground-up all-electric platform that will spawn a range of future EVs.

It will be powered by a 60 kWh battery pack offering up to 550 km of driving range. The concept eVX has a futuristic design with longer wheelbase and shorter overhang to convey design athleticism and robustness along with unmatched cabin roominess and comfort, the company had said.

Suzuki Motor Corporation (SMC) has committed ₹10,000 crore investment for production of battery electric vehicle (BEVs) and batteries in India over the next six-seven years and will launch six EVs by 2030.

“To provide a full range of products and services, Suzuki will provide not only battery EVs but also carbon neutral internal combustion engine (ICE) vehicles that use CNG, biogas, and ethanol mixed fuels,” SMC said in a statement in January 2023.

When asked about the launch time of the first EV in India, Bhargava said that company has not decided on the month neither has any date been finalised. The eVX will be competing with the likes of Tata Punch.ev, which was launched last week, priced between ₹10.99 lakh and ₹15.49 lakh (ex-showroom).

Challenges

Talking about challenges around EVs, whether it is charging infrastructure or range anxiety or cost, he said: “EVs have a place, we will get into EVs. I think EV technology will also change…just now there are many ssues around EVs globally, not India (yet) and one of the major issue is of parking, not all have their own garages.”

He said several cars are still parked on the roadside of the residential areas or on open spaces, so putting up chargers in such places is not feasible, and people can’t visit public charging stations every time they require their EVs require charging.

Hence, the country should also promote vehicles which are run on alternative fuels. “India has alternative fuels which are cleaner like bio-fuels, totally renewable and some of it is even carbon negative, and if you use all the wastes, you would actually clean the country also. India would become a cleaner country,” Bhargava added.

SHARE

  • Copy link
  • Email
  • Facebook
  • Twitter
  • Telegram
  • LinkedIn
  • WhatsApp
  • Reddit

Published on January 21, 2024





Source link

Tags: carsChairmanelectricEuropeExportIndiaJapanLaunchingMarutiSuzuki
ShareTweetShareShare
Previous Post

Max Keiser Expects XRP to Crash to $0.01 By U.Today

Next Post

Anthony Edwards’ clutch clank costs Wolves the game and fuels NBA Twitter frenzy  

Related Posts

Crude Check: Volatile But Firm

Crude Check: Volatile But Firm

by Index Investing News
March 28, 2026
0

Crude oil prices saw considerable volatility last week. Brent crude oil futures on the Intercontinental Exchange (ICE) ($105.30/barrel) was down 6.1...

Dow, S&P 500, Nasdaq wobble after rally as Iran war drags on

Dow, S&P 500, Nasdaq wobble after rally as Iran war drags on

by Index Investing News
March 24, 2026
0

The war in Iran is “incomparable” with any past oil shock in both its scale and its wide-ranging impact on...

Eternal shares jump 3% from lows as Zomato hikes platform fee by Rs 2.4 per order

Eternal shares jump 3% from lows as Zomato hikes platform fee by Rs 2.4 per order

by Index Investing News
March 20, 2026
0

Eternal shares on Friday rose 3% from the day's low of Rs 230.10 on the NSE to scale the day's...

The ocean’s original chart-topper: scientists discover the oldest whale song recorded, from 1949

The ocean’s original chart-topper: scientists discover the oldest whale song recorded, from 1949

by Index Investing News
March 16, 2026
0

A haunting whale song discovered on decades-old audio equipment could open up a new understanding of how the huge animals communicate, according...

Israeli F-35 downs Iranian fighter jet in historic dogfight

Israeli F-35 downs Iranian fighter jet in historic dogfight

by Index Investing News
March 4, 2026
0

The IDF Spokesperson announced Wednesday morning that there had been an historic event in the skies over Tehran. An...

Next Post
Anthony Edwards’ clutch clank costs Wolves the game and fuels NBA Twitter frenzy  

Anthony Edwards' clutch clank costs Wolves the game and fuels NBA Twitter frenzy  

LRE on Tour 1/19

LRE on Tour 1/19

RECOMMENDED

Vishwakarma scheme: Catalyzing entrepreneurship key to sustainable success

Vishwakarma scheme: Catalyzing entrepreneurship key to sustainable success

August 30, 2023
The Nasdaq 100 Points to Biggest Market Trend of the Year

The Nasdaq 100 Points to Biggest Market Trend of the Year

May 16, 2023
90 Day Fiancé Stephanie Matto Alum Reveals She’s Selling Farts Again Despite Past Health Scare

90 Day Fiancé Stephanie Matto Alum Reveals She’s Selling Farts Again Despite Past Health Scare

December 24, 2022
Commanders signal WR Martavis Bryant after lengthy absence

Commanders signal WR Martavis Bryant after lengthy absence

August 13, 2024
Taylor Swift says fans will reduce high egg prices. 3 things to know

Taylor Swift says fans will reduce high egg prices. 3 things to know

February 11, 2023
Broadcom Inventory Will get Worth-Goal Hike For AI Power

Broadcom Inventory Will get Worth-Goal Hike For AI Power

July 11, 2024
johnson: UK PM Johnson vows to ‘get on with the job’ after surviving confidence vote

johnson: UK PM Johnson vows to ‘get on with the job’ after surviving confidence vote

June 7, 2022
Hitting the Proper Goal with Financial Coverage

Hitting the Proper Goal with Financial Coverage

January 9, 2025
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In