Maruti Suzuki to localize EV components, batteries; boost India's EV ecosystem

• Maruti Suzuki plans to localize EV components, including battery production, over the next few years to strengthen the EV ecosystem in India.
• The company will launch its first electric vehicle, the e-VITARA, in the domestic market next year.
• Maruti aims to instill customer confidence by addressing concerns like driving range, public charging infrastructure, and after-sales service.
• By FY30, Maruti Suzuki plans to have five EV models and aims to set up 1 lakh charging stations in partnership with dealers and operators.
• The automaker is implementing initiatives like 1,500 EV enabled workshops and an assured buyback scheme to support EV adoption.

Why It Matters: Maruti Suzuki's EV plans will shape India's electric vehicle future.