Maruti’s first electric car in India in 2 years! Recast auto exposure now

Maruti NEW DELHI: Maruti parent SuzukiBSE 0.83 % has inked a pact with Toyota Motor and, if things as planned, India would see the first electric vehicle (EV) from the Maruti stable in less than two years! That would prove to be a game-changer for the domestic auto industry. Broader concerns How the EV segment would perform in the initial years would majorly depend on the price points of these vehicles. The average cost of a small car in India today stands at $6,00-8,000 (ex-showroom), while the median cost of a…

Maruti Suzuki gains as carmaker decides to make electric vehicles

Maruti Suzuki

NEW DELHI: Shares of Maruti Suzuki BSE 0.06 % were trading marginally higher in early trade on Friday after the carmaker’s Japanese parent, Suzuki Motor, decided to make electric cars at its factory in Gujarat for India and the world. It will also be the first commercially-available electric car for Suzuki. Read Also: BEST CARS At 10.30 hours (IST), the scrip was trading 0.28 per cent higher at Rs 8,094 level in an otherwise weak market. the Japanese automaker had once showcased an all-electric version of Swift (called Swift REEV, or…