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What is Maruti Suzuki about?

Maruti Suzuki plans to localize the production of batteries and components for electric vehicles (EVs) as it prepares to launch two new EV models in 2026. The company aims to enhance the domestic EV ecosystem, having already announced a lithium-ion battery production facility in Gujarat. Despite current consumer hesitance towards EVs due to pricing and infrastructure issues, Maruti expects to have five EV models by FY30, anticipating increased market acceptance by then.

Author

Rajiv Handa

Language

EN