Maruti to localise batteries and key components soon

CARMAKER CHARTS ROADMAPTO BUILD STRONGER EV ECOSYSTEM

- NITIN KUMAR

MARUTI SUZUKI INDIA is gearing up to localise battery production and other critical components over the coming years as part of its strategy to strengthen the electric vehicle (EV) ecosystem in India.

The country's largest carmaker currently does not qualify for incentives under the government's ₹25,938-crore Production Linked Incentive (PLI) Scheme for the Automobile and Auto Components Industry, which mandates 50 per cent domestic value addition (DVA) to avail benefits.

"Right now we are importing the batteries, but yes, we have a plan for localisation. It is very much on the cards in a phased manner over the next few years," Maruti Suzuki India Senior Executive Officer (Marketing & Sales) Partho Banerjee said.