Maruti will have six EVs by 2030, working to bring down battery costs

Senior exec says cost of acquisition is a key factor impeding EV adoption in India

Maruti Suzuki India (MSIL) plans to bring six electric vehicles (EVs) by 2030, said a senior company executive.

Speaking at the ABP’s Ideas of India Summit, Shashank Srivastava, senior executive officer (marketing and sales) said that the cost of acquisition is one of the important factors impeding EV adoption in India.

“If a normal car is Rs 100 then EV is Rs 160 due to the high cost of batteries. Maruti Suzuki is trying to bring down battery costs. Also, we will have six EVs in different segments by 2030. Our estimate is this market which is 1% today will