Maruti Suzuki has been testing the electric Wagon R for some time now, however, Maruti Suzuki India Chairman RC Bhargava said the company will launch electric vehicles in the country only after 2025 as demand for such vehicles is less at the moment.
Addressing a virtual conference on Q3 financial results, he further stated that to counter the rising fuel prices, Maruti Suzuki India is intensifying its focus on more CNG offerings of its models rather than battery hybrid or battery electric vehicles. Maruti would like to sell around 10,000 units a month whenever it enters the electric mobility space.
The company has been testing the WagonR based EV for a long now but has been vocal about the initial cost of the car itself. It would be difficult to launch a sub Rs 10 lakh electric vehicle in India with a good battery range and it makes no sense to launch an expensive version of a small car like Wagon R, it further stated.
"Unfortunately, we will not feel happy if we can (sell) 300 or 400 or 500 or even 1,000 cars (a month). For some reason we have gone too much higher volumes, and volumes in 100s and even 1,000s, are very good, but they leave us a little unexcited...So we have to see if I start selling EVs I would like to sell maybe 10,000 EVs in a month or something like that," Bhargava said.
Asked when Maruti Suzuki could launch its EV, he said, "If I have to give you an outside date it would be post 2025."
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