Maruti Suzuki to Launch 4 BEVs by FY2030 Not 6 As Announced Earlier

Maruti Suzuki, has trimmed on its ambitious plan for battery electric vehicles (BEVs). Earlier the company had announced that it would bring in 6 models by the end of FY 2030 but now the company has announced that it intends to bring in just 4 in the same time frame. 

The scaleback on EV launches coincides with a slowdown in their sales globally and also hints of Tesla finally making its entry into the Indian market, with the company already advertising for management posts in the country as also zeroing down on showroom space as well. 

The claim was made in the company's New Mid-Term Management Plan for fiscal years 2025-2030. While specific details about each BEV model remain limited, Maruti Suzuki has indicated that the lineup will cater to different segments of the market and will be launched in Arena and Nexa dealerships. But SUVs will be one of the highest contributors to the company's growth. 

This aggressive EV push by Maruti Suzuki comes as the Indian government is actively promoting the adoption of electric vehicles through various incentives and policy measures. The company recognizes the growing demand for sustainable transportation solutions and aims to capitalize on this trend.

Maruti Suzuki's foray into the BEV segment is expected to leverage the company's extensive manufacturing capabilities, vast sales and service network, and deep understanding of the Indian car market. The company is likely to focus on affordability and practicality, key factors that have contributed to its success in the conventional car segment.

The introduction of four BEVs by FY2030 is a significant step for Maruti Suzuki and for the Indian automotive industry as a whole. It signals a strong commitment to electric mobility and is expected to accelerate the adoption of EVs in the country. This move will also likely intensify competition in the EV segment, leading to greater choice and potentially lower prices for consumers.

The company's planned launch of four BEVs by FY2030 is a clear indication that it is taking the electric revolution seriously and is poised to be a major player in the Indian EV market.