Maruti Suzuki gearing up to build electric cars

India’s biggest carmaker Maruti Suzuki on Friday shared that it is gearing up to build electric cars as the government strives to electrify all new vehicles by 2030, however, it didn’t give a timeline for the process.

Chairman of Maruti Suzuki India, R C Bhargava said “We will make electric cars. We cannot give a timeline right now, but electric mobility is set to come to India. We intend to be leaders in the electric segment as well.”

Maruti Suzuki’s  parent firm Suzuki and its Japanese counterpart Toyota are currently engaged in talks for a possible collaboration, including on electric vehicle development.

The company, whose shares rose 0.47 per cent to `8,114.8 on the BSE Sensex on Friday, is also continuing to invest in hybrid technology, despite the high taxation imposed on the segment currently — primarily as a bridge between fossil fuel and electric vehicles during the transition.

We will continue to invest in hybrid technology. The government has set a target of electric mobility by 2030. It can take later than that and in that period, there would be conventional, hybrid and electric cars on roads. So, we need to work on all of the three,” Bhargava said.