The company said it expects EVs to make up 15-20% of its sales by 2030-31. “Another 25% could be hybrids, and the rest would use ethanol, CNG (compressed natural gas) and possibly CBG (compressed biogas)," it said.
In July, Maruti Suzuki said it would buy out its Japanese parent Suzuki Motor Corp.’s (SMC’s) stake in Suzuki Motor Gujarat (SMG), its contract manufacturer, by issuing preferential shares. On Monday, the company said this will help it conserve cash reserves.
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India in economic sweet spot, inflation to moderate: Moody's
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