Maruti Suzuki Plans 6 New EVs For India By 2030 And 50 Per Cent Market Share

Maruti Suzuki wants to do 3 million units out of 6 millions and with a projected 50 percent market share. India has growth prospects and Maruti Suzuki wants to increase its lead over other carmakers.

The carmaker also plans to launch a hybrid but in an affordable avatar in the Fronx and that will bring in high fuel efficiency numbers too.

Source : Somnath Chatterjee

India's largest carmaker Maruti Suzuki plans to increase its market share in India to as much as 50 percent as outlined by its 2030 plan. The carmaker will also launch 6 battery electric vehicles in India by 2030 and it starts with the e Vitara which is launching soon.

Maruti Suzuki wants to do 3 million units out of 6 millions and with a projected 50 percent market share. India has growth prospects and Maruti Suzuki wants to increase its lead over other carmakers.

The production capacity is also given as FY30 with 4 million units which is 2 times the FY2022 level. The Kharkhoda plant will add to that while additional capacity increase is also planned. The powertrain ratio will still be majorly ICE but BEVs is projected to be 15 percent of sales in 2030 while HEV would be 25 percent.

The battery ev lineup would be 6 cars including an affordable small electric suv plus others including new products. Increasing localisation would also be key for Maruti Suzuki in terms of its BEV strategy. The carmaker also plans to launch a hybrid but in an affordable avatar in the Fronx and that will bring in high fuel efficiency numbers too.

Hence, we can expect a mix of ICE, CNG, hybrids and EVs going forward plus flex fuel is also a possibility. The carmaker currently has been facing stiff competition from Tata Motors and Hyundai plus Mahindra along with others but it has been maintaining its grip on the Indian market but new launches gaining traction. The next launch soon would be the e Vitara electric suv.