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Suzuki Motor to invest...
Financial Express Chandigarh
|August 27, 2025
The EVITARA, first showcased at the Bharat Mobility Global Expo last year, is the first of four battery electric vehicles that SMC plans to launch by the end of this decade.
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The company has set a target of producing 67,000 EVs in FY26. The company will export between 50,000 and 100,000 EVs annually.
Maruti Suzuki chairman RC Bhargava said no timeline has been set for the eVitara launch in the local market. "Exports may start first. For the domestic market, I need a certain minimum volume to supply my dealer network. Until localization builds up, importing large volumes of batteries will make EVs costly," Bhargava said.
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