As India embraces greener mobility solutions, the auto industry gears up for a surge in electric vehicle (EV) offerings.
A recent government push towards eco-friendly transportation has prompted major players like Maruti Suzuki, Hyundai, Mahindra & Mahindra, and Tata Motors to unveil plans for a lineup of EVs across various segments, as reported by TOI.
CEO of Mahindra & Mahindra’s automotive sector, Nalinikanth Gollagunta, revealed plans to roll out five new battery electric vehicles starting January 2025, with expectations that 20-30 percent of their portfolio will be electric by 2027.
Maruti Suzuki’s executive officer, Rahul Bharti, confirmed the company’s serious investment in EVs, announcing the production of a high-spec EV with a 550 km range in the fiscal year 2024-25, and plans for six EV models in the next 7-8 years.
Hyundai Motor India’s COO, Tarun Garg, cited industry estimates projecting EVs to contribute around 20 percent of India’s automotive market by 2030. Hyundai intends to invest approximately Rs 26,000 crore over the next decade in Tamil Nadu, including the establishment of a battery assembly plant.
Tata Motors aims to introduce 10 EVs by 2026, with plans to launch four new models this year, including the Curvv EV and Harrier EV.
Even luxury carmakers are joining the electric revolution, with Mercedes-Benz India announcing an aggressive product strategy with over 12 new EVs planned for debut in 2024.
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