You have just announced your first electric car, the eVitara, which will be exported initially. Why have you not chosen to launch it in the domestic market first?
The midsized EV will be priced at ₹20 lakh plus in India, so the volumes will be very small in the country. Therefore, we decided to build volumes by exporting it to Europe and Japan with both Suzuki and Toyota and then launch it in India sometime in May or June 2025. The volumes will help us reduce production costs.
Will you benefit from the production-linked incentive (PLI) scheme for the electric car, for which you are eligible?
This story is from the November 13, 2024 edition of Business Standard.
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This story is from the November 13, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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