Maruti looks to double its turnover; plans 6 new EVs by FY31

Suzuki plans to invest Rs 2.8 lakh crore to enhance its product line-up and bring in new technologies.

Maruti Suzuki aims to double its turnover in the decade through 2031. To achieve this, the carmaker plans to launch six new electric vehicles and will invest in new technologies.

Hisashi Takeuchi, MD of Maruti Suzuki said, "Looking at the immense potential of the Indian automobile market, our parent company, Suzuki Motor Corp., has outlined a robust growth plan. Our parent company is targeting doubling turnover by FY31. India will play a very big role in realising this goal."

Suzuki plans to invest Rs 2.8 lakh crore to enhance its product line-up and bring in new technologies. The carmaker is also said to ramp up its manufacturing operations in India by doubling production capacity to over 4 million units per annum.

Takeuchi revealed that the carmaker plans to launch six EVs across different segments by FY2030-31. Maruti will also continue to offer CNG and hybrid models and will introduce flex fuel and biogas powertrains.

Source: ET Auto