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Suzuki Motor plans 6 battery electric vehicles for India by 2030

Maruti Suzuki showcased its electric concept SUV, the eVX, a grounds-up electric SUV with an expected range of 550 kilometers, that the company plans to launch in 2025. (Bloomberg)Premium
Maruti Suzuki showcased its electric concept SUV, the eVX, a grounds-up electric SUV with an expected range of 550 kilometers, that the company plans to launch in 2025. (Bloomberg)

To provide a full range of products and services, Suzuki will provide not only battery EVs but also carbon neutral internal combustion engine vehicles that use CNG, biogas, and ethanol mixed fuels, Suzuki Motor said

NEW DELHI : Japan's Suzuki Motor Company, the parent firm of India's largest carmaker Maruti Suzuki, on Thursday said it will launch six battery electric vehicles (BEVs) in India by 2030, with BEVs accounting for 15% of its total sales in the country by the end of the decade.

"In India, we will introduce the SUV battery EV announced at the Auto Expo 2023 in FY2024, with 6 models to be launched by FY2030. To provide a full range of products and services, Suzuki will provide not only battery EVs but also carbon neutral internal combustion engine vehicles that use CNG, biogas, and ethanol mixed fuels", Suzuki Motor Company said in a document discussing its growth strategy for 2030 across domestic and global markets.

The Japanese auto giant aims to achieve carbon neutrality in its India operations by 2070, in-line with the government's own timeline for achieving net-zero emissions in the country.

Maruti Suzuki showcased its electric concept SUV, the eVX, a grounds-up electric SUV with an expected range of 550 kilometers, that the company plans to launch in 2025. The Suzuki group will invest 10,000 crore for the production of EVs and batteries in India, the company said.

India contributes 50-60% SMC's global operations, making it the Japanese automaker’s biggest market, Toshihiro Suzuki, President, SMC had told reporters on the sidelines of the recently concluded Auto Expo.

Suzuki also expects that BEVs will account for nearly the same proportion of sales in its home market, Japan, as they will in India by 2030.

The company has emphasized its vision to develop EVs grounds-up for India, so that it can benefit from scale and localization efforts, unlike the trajectory of other carmakers, such as Tata Motors, who have introduced two generations of EVs derived from their existing internal combustion-engine (ICE) portfolio.

While both Suzuki and Maruti are preparing an EV platform, they are also taking a comprehensive view of the market with many other options such as ethanol and flex fuel vehicles, hybrids, and CNG. The company is in talks with the Indian government to determine the most effective solution for the Indian market, Suzuki had said.

Maruti Suzuki recently showcased a flex-fuel engine prototype in its popular hatchback WagonR, which can run on ethanol-blended fuel in the 20%-80% range.

Meanwhile, it is also strengthening its focus on biogas as an alternative fuel solution that can be used to power its CNG vehicles. Maruti Suzuki leads the passenger vehicle CNG vertical in India with nearly 70% market share.

"While we expect the Indian market to grow toward FY2030, we also expect that increase in total CO2 emission amount is unavoidable, regardless of reduction in CO2 emission from products. We will challenge to strike a balance between increasing sales units and reducing total CO2 emission amount. Suzuki’s unique initiative to tackle this challenge is the biogas business, in which biogas derived from cow dungs, which are dairy wastes that can be seen mainly in India’s rural area, will be produced and supplied. This biogas can be used for Suzuki’s CNG models that account for approximately 70% of CNG car market in India", SMC said.

The company has signed an MoU with the Indian government agency National Dairy to conduct verification of biogas and invested in Fujisan Asagiri Biomass that makes power generation from biogas derived from cow dungs in Japan, and are beginning its study, it added. 

ABOUT THE AUTHOR
Alisha Sachdev
Alisha Sachdev is an assistant editor with Mint based in Delhi. She reports on the auto and mobility sector, with a special focus on emerging clean mobility technologies. She also focusses on developing multimedia properties for Mint and currently hosts the 'In A Minute' series and the Mint Primer podcast. Previously, she has worked with CNBC-TV18 and NDTV.
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