Maruti Suzuki to launch 4 EVs by FY2030; aims for 50% market share

TusharK · 24th February 2025, 10:13

Maruti Suzuki recently announced its mid-term management plan for FY2025-FY2030. It also sheds light on the brand’s product strategy for the Indian market.

Maruti Suzuki to launch 4 EVs by FY2030; aims for 50% market share-evitara.jpeg

We have witnessed Maruti Suzuki’s market share drop below 50% with increasing competition from rival brands. The carmaker aims to reclaim it by FY2030.

New product launches will play a key role in the company’s bid to reclaim its lost market share, which includes four new EVs by FY2030. The brand’s first electric offering will be the e Vitara, which is expected to be followed by an entry-level electric hatchback and an electric MPV.

Suzuki has set a sales target of 4.2 million units by FY2030, with the Indian market expected to contribute around 2.54 million units or more than 60% of the brand’s global sales.

By FY2030, conventional ICE models will contribute around 60% of the overall sales, while BEVs will make up 15% and hybrids will account for 25% of the total sales.

Link to Team-BHP News

ramki.grandhi · 24th February 2025, 12:48

This is such a welcome move, and I wish they invest heavily in charging infra as well. And we want every charging station should be suitable for every car, for better adoption.

Also, hope Maruti carry their core values to EVs as well.
1. Reliable for long.
2. Access to service centers and good service.
3. Cheaper to maintain/own.
4. Comfortable suspension.

24th February 2025, 10:13	#1
TusharK Senior - BHPian Join Date: Jul 2017 Location: Pune Posts: 7,312 Thanked: 64,781 Times	Maruti Suzuki to launch 4 EVs by FY2030; aims for 50% market share Maruti Suzuki recently announced its mid-term management plan for FY2025-FY2030. It also sheds light on the brand’s product strategy for the Indian market. We have witnessed Maruti Suzuki’s market share drop below 50% with increasing competition from rival brands. The carmaker aims to reclaim it by FY2030. New product launches will play a key role in the company’s bid to reclaim its lost market share, which includes four new EVs by FY2030. The brand’s first electric offering will be the e Vitara, which is expected to be followed by an entry-level electric hatchback and an electric MPV. Suzuki has set a sales target of 4.2 million units by FY2030, with the Indian market expected to contribute around 2.54 million units or more than 60% of the brand’s global sales. By FY2030, conventional ICE models will contribute around 60% of the overall sales, while BEVs will make up 15% and hybrids will account for 25% of the total sales. Link to Team-BHP News Last edited by TusharK : 24th February 2025 at 10:15.
	(1) Thanks

24th February 2025, 12:48	#2
ramki.grandhi BHPian Join Date: May 2020 Location: Bangalore Posts: 508 Thanked: 2,336 Times	Re: Maruti Suzuki to launch 4 EVs by FY2030; aims for 50% market share This is such a welcome move, and I wish they invest heavily in charging infra as well. And we want every charging station should be suitable for every car, for better adoption. Also, hope Maruti carry their core values to EVs as well. 1. Reliable for long. 2. Access to service centers and good service. 3. Cheaper to maintain/own. 4. Comfortable suspension.
	(2) Thanks