The parent company of Maruti Suzuki, the largest automaker in India, Suzuki Motor Corporation, plans to make significant investments in the Indian market for electric vehicles. The company said in a statement, “We will introduce the SUV battery EV announced at the Auto Expo 2023 in FY 2024, with 6 models to be launched by FY2030 in India. To provide a full range of sales and services, we will provide not only battery EVs but also carbon-neutral internal combustion engine vehicles that use CNGs, biogas and ethanol mixed fuel.”
The company said it aims to achieve a powertrain ratio of 15% BEVs, 25% HEVs and 60% hybrids by the end of this decade.
According to the government-set goals for each nation, Suzuki aims to achieve carbon neutrality in Japan and Europe by 2050 and in India by 2070. Suzuki’s CNG models, which make up roughly 70% of the CNG vehicle market in India, can use this biogas.
The company said, “While we expect the Indian market to grow towards FY2030, we also expect that an increase in total CO2 emission amount is unavoidable, regardless of reduction in CO2 emission from products. We will challenge to strike a balance between increasing sales units and reducing total CO2 emission amount.”
“We have also invested in Fujisan Asagiri Biomass LLC. that makes power generation from biogas derived from cow dungs in Japan, and are beginning its study,” Suzuki said while adding that it is in view of expanding the business to other farming areas in regions including Africa, ASEAN, and Japan in the future.
The Suzuki Innovation Center is exploring new connections and innovations to thoroughly take root in India additionally. “We will enhance our manufacturing strength by also cooperating with outside partners including startup companies Suzuki Suppliers Association, and cooperation with universities in Japan and India.”
