Maruti Suzuki Unveils Plan for 6 New EVs by 2031, First Model Debuts in 2025

Maruti Suzuki, a major player in the automobile industry, has announced plans to launch 6 new electric vehicles by the 2030-31 fiscal year, with the first model coming out soon.

The announcement was made at the company’s annual general meeting (AGM) on Tuesday, August 27, where Chairman RC Bhargava shared the company’s strategy to support India’s carbon neutrality goals. Bhargava highlighted Maruti Suzuki’s commitment to carbon neutrality and mentioned that the company is working on speeding up the development of new technologies and products.

Maruti Suzuki plans to use Japan’s Suzuki Motor Corporation’s technical expertise as it prepares to introduce its first electric vehicle at the 2025 Bharat Mobility Global Expo, which will take place on January 17. This move marks Maruti Suzuki’s entry into the electric vehicle market, even though some of its rivals have already ventured into this space.

The upcoming electric vehicle from Maruti Suzuki is expected to be based on the eVX concept, a compact electric SUV that has already been shown both in India and globally. This eVX model is likely to compete with other electric vehicles like the Tata Curvv EV, Hyundai Creta EV, and Honda Elevate EV.

Maruti Suzuki has suggested that the SUV will have a driving range of up to 500 km on a single charge, though details about its battery capacity have not been revealed yet. The vehicle is expected to come with modern features such as a large infotainment touchscreen that supports wireless Apple CarPlay and Android Auto, a digital instrument panel, and comfort features like electronically adjustable front ventilated seats.

Besides its electric vehicle plans, Maruti Suzuki also emphasised its ongoing focus on developing affordable small cars, a market segment where it has been a leader since introducing the Maruti 800. Bhargava expressed confidence that the small car market will see a revival by the end of the 2025-26 fiscal year, highlighting the importance of this segment in India’s economic landscape.

About Maruti Suzuki India Ltd

Maruti Suzuki India Ltd was founded in 1981. In 1982, a joint venture agreement was signed between the Government of India and Japan’s Suzuki Motor Corporation (SMC). By 2002, the company became a subsidiary of SMC. It is now the leading player in India’s passenger vehicle market and the largest subsidiary of SMC in terms of production and sales.

On August 29, 2024, the share price of Maruti Suzuki India Ltd opened at ₹12,343.00, touching the day’s high at ₹12,350.00, as of 10:37 AM on the NSE.

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