Maruti Suzuki Unveils First EV Launch for January 2025

29 Oct 2024 , 11:06 PM

Maruti Suzuki India Limited is set to launch its first-ever electric vehicle in January 2025, as revealed in a recent analyst call on October 29.

Unlike previous models, the new EV is built on a dedicated high-spec platform specifically designed for electric vehicles, rather than being adapted from an internal combustion engine (ICE) model.

The EV is expected to offer a strong range, equipped with a 60-kilowatt-hour battery, aligning with current government standards, although exact specifications will be disclosed at the launch.

Manufactured in India, Maruti Suzuki’s EV aims to target international markets, including Europe and Japan, with plans for export already in place.

The Bharat Mobility Show, scheduled for January, will serve as the official unveiling platform for Maruti’s new EV, with further launches planned in different regions.

This year’s festive season proved successful for Maruti Suzuki, with nearly 3 lakh units sold, marking a 14% year-on-year sales increase.

Urban demand for Maruti’s vehicles showed slower growth earlier this year; the company reported a 17% decline in Q2 FY25 net profit to ₹3,103 crore, falling short of market expectations.

Maruti Suzuki’s stock closed 4.16% lower at ₹11,005 on October 29, 2024, and shares have gained 7% since the beginning of the year, and 5% in the last one year.