Auto manufacturing giant Suzuki plans to debut in the electric vehicle (EV) sector by the year 2025, launching its initial EV offerings in India.
Suzuki Motor Corporation, a renowned name in the automobile industry, has announced its plans to enter the electric vehicle (EV) market by 2025. The company is set to launch an all-electric compact model, with the timeline for its launch being the same for both India and potential international markets.
The launch of Suzuki's EV is not limited to India, although the specific model and pricing details outside of the country remain undisclosed. In India, the price of the electric compact model, after government subsidies, is expected to be around 1.5 million yen ($13,626). However, Suzuki Motor Corp has not yet revealed the price of its EVs in markets outside of India.
Suzuki Motor Corp has also expressed intentions to enter the strong hybrid car market in India by 2025. However, details about the hybrid cars it plans to launch in India are yet to be disclosed. The company has not clarified whether it will launch hybrid cars outside of India as well.
Meanwhile, in the Indian market, Suzuki will be competing with Tata Motors, which plans to enter the electric vehicle market in 2025 with an affordable electric compact model priced around 1.5 million yen after tax incentives. Tata Motors aims to target the mass market, unlike Tesla, which has faced challenges due to high import tariffs and expensive models.
Suzuki Motor Corp's entry into the EV market is an exciting development, indicating a broader commitment to sustainable transportation solutions. As more details about their EV and hybrid car plans become available, we can expect to see a more competitive and innovative landscape in the automobile industry.
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