IEC 2025: Maruti Suzuki bets on localisation, customisation to drive India’s EV transition, Says Partho Banerjee
At the India Economic Conclave 2025, Maruti Suzuki's Partho Banerjee emphasized the importance of tailoring electric vehicles (EVs) to Indian needs, addressing consumer concerns like range, infrastructure, and resale value. The company is focusing on localization and customer-specific customization rather than hastily entering the market. Despite the availability of numerous EV models, only 4% of passenger vehicle sales are electric, indicating a need for further adoption.
Partho Banerjee, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India
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Maruti Suzuki's first high-range electric vehicle, set to launch in 2025, will feature a 500 km range powered by a 60-kilowatt-hour battery. This vehicle aims to emphasize the 'Make in India' initiative and will cater to both domestic and international markets, including Europe and Japan. The company is also focusing on localization by developing semiconductor and electronics manufacturing to support its EV strategy.
Maruti Suzuki aims to establish over 100,000 public EV charging points in India by 2030 as part of its infrastructure development plan. They have already installed more than 2,000 charging points across 1,100 cities and are collaborating with 13 charge point operators to expand access. The 'e for me' mobile app will further support EV owners by providing easy access to charging facilities.
The Indian government's 2025 Union Budget focuses on sustainability and aims to boost domestic production of lithium-ion batteries for EVs. It includes customs duty exemptions for critical capital goods and key minerals like cobalt and copper. This initiative is expected to lower the overall cost of EVs, benefiting manufacturers like Maruti Suzuki, which is entering the EV market.
Maruti Suzuki aims to produce six million vehicles annually by 2030, driven by the growing demand for feature-rich and environmentally friendly cars. The company recently surpassed milestones of 30 million vehicles produced in India and aims to enhance its EV lineup, including the e-Vitara, while continuing to invest in various powertrain technologies.
Maruti Suzuki plans to launch a small electric vehicle hatchback in the near future, with the e-Vitara serving as a starting point for customer feedback. The company faces challenges related to range and weight but aims to introduce six EVs by 2031, diversifying its offerings to include affordable options across different segments.
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