Explorer

Impossible To Build EVs Under Rs 6 lakh- Maruti Suzuki

Maruti Suzuki plans to launch its first EV in India by 2020

Impossible To Build EVs Under Rs 6 lakh- Maruti Suzuki

India’s largest carmaker Maruti Suzuki has expressed its concern over manufacturing affordable electric vehicles that cost between Rs 5-6 lakh. The primary reason for the inability to manufacture EVs at this price point is said to be the high costs of batteries that are used in these vehicles.

Kenichi Ayukawa, MD and CEO of Maruti Suzuki, reportedly said, “Affordability is a concern, and we can't seem to find answers. There are still cost concerns and we need to find solutions." He further added, “It is very difficult or practically impossible (to price an EV under Rs 6 lakh).” 

Suzuki e-Survivor concept

Speaking about the carmaker’s EV plans, Ayukawa reportedly said that the manufacturer is mulling whether it should electrify models from its current lineup or launch completely new EV models.    

Last year, R C Bhargava, the chairman of Maruti Suzuki, also voiced his concerns about the affordability of EVs. He said that affordability will play a major role in deciding the adoption rate of EVs in India and that Maruti Suzuki is facing a challenge in making small cars electric and affordable. 

However, Suzuki, Maruti Suzuki’s parent company, has already started building a lithium-ion battery plant in Gujarat which will help the manufacturer to make its EVs more affordable for the Indian market. Suzuki has also signed an MOU with Toyota which is aimed at developing and launching EVs in India by 2020. Related: Suzuki’s Gujarat Battery Plant Likely To Supply EV Batteries To Toyota-Panasonic

Also Read: 2018 Maruti Suzuki Swift: First Drive Review

 

 


This Story has not been edited by ABP News. It has been published through cardekho.com feed directly.

View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headlines

1 Dead, 8 Hospitalised Due To Suffocation Amid Stampede-Like Situation During Jagannath Rath Yatra In Puri
1 Dead, 8 Hospitalised Due To Suffocation Amid Stampede-Like Situation During Puri Rath Yatra
French Elections: Macron And Le Pen's Parties Lag Behind Hard-Left Coalition, But No Majority In Sight, Early Trends Show
French Elections: Macron And Le Pen Lag Behind Hard-Left Coalition, But No Majority In Sight
Mumbai Hit-And-Run: Accused Still Absconding, Police Form 6 Teams To Nab Him, 2 Arrested So Far — Top Points
Mumbai Hit-And-Run: Accused Still Absconding, Police Form 6 Teams To Nab Him, 2 Arrested So Far — Top Points
Assam Floods: Rahul Gandhi To Meet Flood Victims At Lakhipur Relief Camp Tomorrow
Assam Floods: Rahul Gandhi To Meet Flood Victims At Lakhipur Relief Camp Tomorrow
Advertisement
ABP Premium

Videos

Maharashtra: Heavy Rain Causes Destruction In Thane, NDRF Deployed To Save 150 Tourists | ABP NewsUP News: Apna Dal (S) Leader Indrajit Patel Shot Dead In Soraon Due To rivalry | ABP NewsWeather Update: NDRF Personnel Deployed As 150 Tourists Get Stuck After Heavy Rains In MaharashtraMaharashtra: Heavy Rains In Thane Leaves 150 Tourists Stranded, Rescue Operation Underway | ABP News

Photo Gallery

Embed widget