Maruti Suzuki to Launch First EV with 500 km Range
POWER & RENEWABLE ENERGY

Maruti Suzuki to Launch First EV with 500 km Range

Maruti Suzuki India is set to launch its first electric vehicle (EV) in January 2025, a mid-size SUV expected to have a range of 500 km per charge. The automaker made this announcement during the annual session of the Society of Indian Automobile Manufacturers (SIAM) in New Delhi.

Hisashi Takeuchi, Managing Director and CEO of Maruti Suzuki India, revealed that the new EV will be powered by a 60 kilowatt-hour (kWh) battery and will cater to both the Indian market and international markets such as Europe and Japan. The SUV, likely to be called the eVX, is estimated to be priced above ?15 lakh and will compete with rivals like the Tata Curve.ev and Mahindra’s Born EV lineup.

In addition to the vehicle launch, Maruti Suzuki is planning to provide a comprehensive EV ecosystem to address common concerns around range anxiety, EV infrastructure, and residual value. “We are committed to creating a complete ecosystem for our customers,” said Takeuchi.

Maruti Suzuki’s Chairman, R.C. Bhargava, emphasized the importance of diverse sustainable solutions, advocating for hybrid technology, CNG, ethanol, and biogas alongside electric vehicles to minimize reliance on pure petrol and diesel cars.

The automaker's announcement aligns with India’s broader vision of becoming a developed nation by 2047, with electric vehicles playing a key role in the domestic automotive industry’s potential growth to ?134 lakh crore by that time.

Maruti Suzuki India is set to launch its first electric vehicle (EV) in January 2025, a mid-size SUV expected to have a range of 500 km per charge. The automaker made this announcement during the annual session of the Society of Indian Automobile Manufacturers (SIAM) in New Delhi. Hisashi Takeuchi, Managing Director and CEO of Maruti Suzuki India, revealed that the new EV will be powered by a 60 kilowatt-hour (kWh) battery and will cater to both the Indian market and international markets such as Europe and Japan. The SUV, likely to be called the eVX, is estimated to be priced above ?15 lakh and will compete with rivals like the Tata Curve.ev and Mahindra’s Born EV lineup. In addition to the vehicle launch, Maruti Suzuki is planning to provide a comprehensive EV ecosystem to address common concerns around range anxiety, EV infrastructure, and residual value. “We are committed to creating a complete ecosystem for our customers,” said Takeuchi. Maruti Suzuki’s Chairman, R.C. Bhargava, emphasized the importance of diverse sustainable solutions, advocating for hybrid technology, CNG, ethanol, and biogas alongside electric vehicles to minimize reliance on pure petrol and diesel cars. The automaker's announcement aligns with India’s broader vision of becoming a developed nation by 2047, with electric vehicles playing a key role in the domestic automotive industry’s potential growth to ?134 lakh crore by that time.

Next Story
Infrastructure Energy

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Next Story
Infrastructure Urban

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Next Story
Infrastructure Energy

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?