Suzuki Motorcycle India Plans to Develop EV models
Suzuki Motorcycle India has announced the development of its first electric two-wheeler.
July 01, 2024. By Aishwarya
“We are at a reasonably advanced stage of product development, but the commercial phase is something we have not zeroed in on right now,” said Devashish Handa, Executive VP, Sales and Marketing, Suzuki Motorcycle.
“All products that Suzuki makes are designed for global markets. They are introduced based on market needs. They are manufactured based on the competitiveness of manufacturing,” he added.
According to Handa, the demand for EVs has hit an inflection point on the scooter side, where the penetration levels had gone up as close to 20 percent a few months back. In FY24, close to a million electric two-wheelers sold in India.
Regarding production, Handa said that the company is operating at its installed capacity of a million units per year, but since the demand is higher, new capacity will be added.
The company retails, imported and domestically manufactured bikes as well as scooters in India such as – Hayabusa, V-Strom 800DE, Gixxer 250, Access and Burgman amongst others.
In May, the company’s sales increased by 37 percent at 92,032 units compared to 67,040 during the same month a year back.
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