Informist, Friday, Jan. 17, 2025

By Anand JC

NEW DELHI – Maruti Suzuki India Ltd. will emerge as the biggest manufacturer of electric vehicles in the Indian market by the end of 2025-26 (Apr-Mar), the company's Executive Director Partho Banerjee said Friday on the sidelines of the Bharat Mobility Auto Expo. Banerjee said this in response to a query about the company's expected sales figures for its first-ever pure electric vehicle, the e Vitara.

Banerjee said the company currently has a capacity of making 100,000 electric vehicles per year at its Gujarat plant. While the production of the e Vitara will commence soon, the company did not divulge the exact date on which the car will hit the roads. Banerjee said the company will commence sales in 2025, but does not expect it before the end of this financial year.

Maruti Suzuki aims to introduce a total of six electric vehicles in the next five years, including the sport utility vehicle e Vitara. On being asked if the other five launches will be sport utility vehicles as well, Banerjee said Maruti is "form agnostic, shape agnostic, tech agnostic, and play across all segments."

Given the car's premium positioning, the car will be sold through Maruti Suzuki's Nexa outlets. "We are not creating a sub-brand under Nexa (for electric vehicles)," Banerjee said. The company currently has over 500 Nexa outlets, and aims to cater to 97% of the electric vehicle market, Banerjee said.

The company is investing INR 21 billion in electric vehicle capabilities. Manufactured totally in India, Maruti Suzuki will export the vehicle to over 100 countries. The e Vitara comes in two battery options, and offers a range of 500 kilometres on a single charge. This, Banerjee says, is the 'sweet spot' according to customer surveys.

To boost adoption, Maruti Suzuki plans to install fast-charging points across India's top 100 cities, one every 5-10 kilometres. Once built, it will be for the benefit of Maruti Suzuki's customers, but Banerjee said the company hasn't taken a call yet on whether vehicles made by other brands can also use these charging points.

The automobile manufacturer had reported a net profit of INR 30.69 billion for the quarter ended September on revenues of INR 372.03 billion. On Friday, shares of the company closed at INR 12,136.35 on the National Stock Exchange, up 0.4%. End

Edited by Deepshikha Bhardwaj

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