Suzuki Motor Corporation has unveiled its global product plan, which comprises ICE (internal combustion engine), BEV (battery electric vehicle), HEV (hybrid electric vehicle), and HEV vehicles, as well as ethanol, CNG, and biogas-powered models. By FY30, all of these vehicles will be available. Concerning the Indian market, Maruti Suzuki has 6 new battery EVs co-developed as part of the planned Toyota-Suzuki alliance. The first Maruti electric vehicle will be available by 2025, while the next five variants will follow by 2030.
Maruti Suzuki’s first electric vehicle will be based on the EVX concept, which recently had its public appearance at the Auto Expo 2023. It will compete against the still-under-development Hyundai Creta EV in its product-ready form. The vehicle’s range will be 550 kilometres on a single charge and will be powered by a 60kWh battery pack featuring LFP blade cells.
According to the official document, Suzuki vehicles with ICE engines would account for 60% of the domestic market by FY2030. Hybrid electric vehicles will make up 25% of the market, while battery electric vehicles will account for 15%. To reach a turnover of Rs. 4.39 lakh crore and a carbon-neutral portfolio, the corporation would invest 4.5 trillion yen (about Rs. 2.82 lakh crore).
The Japanese automaker will adhere to the “Sho-Sho-Kei-Tan-Bi (Smaller, Fewer, Lighter, Short and Beauty)” manufacturing philosophy as part of its growth strategy for FY30. And will emphasize creating services and expanding with operational nations and regions. Suzuki has established a goal to be carbon-neutral in Japan and Europe by 2050 and in India by 2070.