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Maruti to roll out its first EV next fiscal, five more by FY30: Suzuki

EVs to constitute 15% of Maruti's total production by FY30

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3 min read Last Updated : Jan 26 2023 | 10:38 PM IST

Maruti will launch its first electric vehicle (EV) in the next financial year (FY24), and will roll out six EVs in the country by FY30, the automaker’s parent firm Suzuki said on Thursday.

Moreover, EVs, hybrid vehicles and internal combustion engine (ICE) vehicles will constitute 15 per cent, 25 per cent and 60 per cent, respectively, of Maruti's total production by FY30, Suzuki stated in its global forecast.

"In India, we will launch the sport utility vehicle (SUV)-battery EV announced at the Auto Expo 2023 in FY24, with six models set to be launched by FY30. To provide a full range of products and services, Suzuki will provide battery EVs and carbon-neutral internal combustion engine vehicles that use CNG, biogas, and ethanol mixed fuels," Suzuki's forecast noted.