Suzuki Scaling its Presence in EVs, Plans to Launch 6 EVs by 2030

Suzuki Motor would invest 2 trillion yen in electric vehicles and autonomous driving technologies, along with another 2.5 trillion yen in the construction of battery EV plants and renewable energy amenities.

January 28, 2023. By News Bureau

Japan-based Suzuki Motor Corp (SMC), the parent company of Maruti Suzuki, has announced its plans to launch Electric Vehicles (EVs) in the Indian market in the FY 2024. Suzuki has prepared a master plan which suggests 6 EV cars in different segments will be launched by 2030.

As per its plans, Suzuki Motor will enter in the battery electric cars segment in Japan in 2023 and Europe in 2024. Toshihiro Suzuki, President of SMC, also added that he wanted to sell electric vehicles for around 1 million yen.

The Japanese automobile maker, which is popular for making compact 'kei' cars, says that it would invest 2 trillion yen in electric vehicles and autonomous driving technologies, along with 2.5 trillion yen for the construction of battery EV plants and renewable energy amenities.

Suzuki’s declaration with the effect of other Japanese automobile manufacturers has proclaimed similar goals compelling with European and U.S. rivals in the rapidly growing battery EV market.

The car maker’s media statement asserts that it will provide a full range of products and services. That is, the company will provide not only battery electric vehicles but also carbon-neutral internal combustion engine vehicles in the Indian market that use CNG, biogas, and ethanol mixed fuels.
Suzuki has also mapped out to expand its business by entering into new ventures.

Till 2030, their objective is to work constantly in research and development in sustainability.

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Sustainable Transport