Maruti Suzuki Aims To Begin Exporting Electric Vehicles

- Advertisement -
- Advertisement -

Bharti mentioned that they are exporting battery cells and modules to advanced countries in Europe and expect to reach nearly INR 750 crore in exports of lithium-ion advanced chemistry cells, battery packs, and modules this financial year.

Maruti Suzuki India is gearing up to export Electric Vehicles (EVs) from India starting this year, following their domestic launch, according to a top official of the company. They are also aiming to export lithium-ion battery cells and modules, anticipating exports worth around INR 750 crore in this fiscal year. Rahul Bharti, Maruti Suzuki India’s Executive Director, revealed at the Vibrant Gujarat Global Summit that exports of EVs to nations such as Europe and Japan are set to commence this year. He also mentioned that the company is currently exporting battery cells and modules to advanced countries, particularly in Europe, and is on track to achieve nearly INR 750 crore in exports of these items within the financial year.

Automotive Electronics Power Private Ltd (AEPPL), a joint venture involving Japan’s TOSHIBA Corporation, Denso Corporation, and Suzuki Motor Corporation, operates a lithium-ion battery facility in Hansalpur, Gujarat. Maruti Suzuki sources the cells and modules from this joint venture for its exports.

- Advertisement -

On Thursday, the company announced plans to invest INR 38,200 crore to establish a second plant in Gujarat and to add a fourth production line at the Suzuki Motor Gujarat plant. The new plant is expected to have a production capacity of 10 lakh units per year, while the fourth line will increase the annual production capacity at Suzuki Motor Gujarat from 7.5 lakh to 10 lakh units.

Toshihiro Suzuki, President of Suzuki Motor Corporation, stated on Wednesday that the Suzuki Group’s first Battery Electric Vehicle (BEV) is slated to roll out from the Suzuki Motor Gujarat by the end of this year. He added that this model is intended for sale not only in India but also for export to Japan and European countries.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exclusive

Sameer Aggarwal, Founder and CEO, RevFin

“We Have Maintained A Net NPA Rate Below 1%!”

0
Maintaining a low non-performing asset (NPA) rate is considered one of the key factors determining the success of an NBFC (non-banking financial company) operating...

Six Steps To Building Better Business Assets

0
In the journey of asset-building, solving good problems trumps battling bad ones. Dive into six essential steps for building and leveraging effective assets—the game-changer...

India’s Solar Capacity Installation Down By 44.1%, Delayed Projects To Add To 2024 Installations

0
Large-scale solar installations saw a notable decline of 50.8% YoY to 5.8 GW from 11.7 GW in 2022, constituting 77.2% of the annual capacity...

Buzz

NTPC Starts Commercial Operation Of 70 MW Chhattargarh Solar Project

0
The project is designed to produce 370 million units of energy annually, which is equivalent to powering 60,000 households. NTPC Renewable Energy Limited (NTPC REL)...

Noida’s Vervesemi Announces Made-In-India ASIC

0
The newly developed chip, proudly made in India, targets domains such as weighing scales and Force Touch technologies. A fabless semiconductor company based in Noida,...
GlobalFoundries and Qualcomm

Qualcomm Doubles Investment In India, Plans To Invest $1Bn

0
Qualcomm has the largest number of engineers working out of India, with nearly 17,000 of its global workforce of around 40,000 based in the...

Important Sectors

Sameer Aggarwal, Founder and CEO, RevFin

“We Have Maintained A Net NPA Rate Below 1%!”

0
Maintaining a low non-performing asset (NPA) rate is considered one of the key factors determining the success of an NBFC (non-banking financial company) operating...

NTPC Starts Commercial Operation Of 70 MW Chhattargarh Solar Project

0
The project is designed to produce 370 million units of energy annually, which is equivalent to powering 60,000 households. NTPC Renewable Energy Limited (NTPC REL)...

Nasdaq Welcomes Lotus Tech With Modest Rise Post SPAC Deal

0
Lotus Technology's Nasdaq debut sees a 2% share increase post-merger with L Catterton-backed SPAC, marking a $7 billion valuation amidst a challenging EV market...

Log9, Trinity Cleantech Team Up for Interoperable Charging Network

0
They aim to lead the way in advancing Type 6 fast chargers, the next-gen standard for speed and convenience. Trinity's Thunder Platform will integrate...

BYD YangWang U9 Debuts at $236,000: 0-100 km/h in 2.36s, LFP Battery

0
BYD Co. launched its priciest vehicle, a fully-electric supercar costing 1.68 million yuan ($233,450), on Sunday, competing with gas-powered counterparts from brands like Ferrari...

Manufacturing

GlobalFoundries and Qualcomm

Qualcomm Doubles Investment In India, Plans To Invest $1Bn

0
Qualcomm has the largest number of engineers working out of India, with nearly 17,000 of its global workforce of around 40,000 based in the...

Applied Ventures Funds VVDN Technologies

0
The investment demonstrates Applied Ventures' dedication to promoting innovation, collaboration, and entrepreneurship within the semiconductor and electronics manufacturing sectors. Applied Ventures, LLC, the venture capital...

Haryana EV-CO To Manufacture L3, L5 EVs At New Plant

0
The EV maker is self-funded and operates a modern manufacturing facility with cutting-edge technology and equipment. It specializes in producing two and three-wheelers, with...
Sona Comstar

Sona Comstar: First Indian Auto Supplier With PLI Certification

0
Sona Comstar, a leading EV traction motor manufacturer in India, receives PLI certification for its electric two-wheeler traction motor. Sona BLW Precision Forgings, commonly known...

Indian Manufacturers To Get Chinese Mobile Production Orders

0
Dixon has secured an order from Oppo for making phones, with an order size of around 5-6 lakh units per month.  Chinese firms have finally...