Automakers are gearing up for some 15 to 20 EV launches in the coming year, doubling from a modest seven to eight in 2024.
While industry leaders such as Maruti Suzuki, Tata Motors, Mahindra & Mahindra, Hyundai, and MG Motors are getting ready to roll out their wide range of EV models in the new year, luxury car makers are moving in that direction too.
Many of these EVs are likely to be SUVs.
"With almost every OEM (original equipment manufacturer) coming to the market with an EV lineup, it will definitely double in 2025 compared to 2024," said Kavan Mukhtyar, partner and leader-automotive advisory at consulting firm PwC.
Maruti Suzuki India and Toyota, after their successful collaboration in traditional ICE and hybrid models, are set to expand their partnership to the EV segment too. The duo will jointly produce a Suzuki eVX-based SUV, to be sold under the Toyota brand globally. Production is scheduled to commence at the Suzuki Motor Group's Hansalpur, Gujarat facility in the spring of 2025. This marks the first EV launch for both companies in India.
In a joint statement, the companies emphasized their intent to bolster EV supply globally, calling the new SUV a "nimble model" designed with a long cruising range, spacious cabin, and a powerful four-wheel drive system for enhanced drivability.
Bu hikaye Business Standard dergisinin December 18, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin December 18, 2024 sayısından alınmıştır.
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