Japan's Suzuki Motor Corporation on Thursday said it will introduce six battery electric vehicles in India by FY2030 as part of its growth strategy and achieve carbon neutrality by 2070 as per the target set by the government.
In the growth strategy for FY2030 shared on BSE by its Indian arm Maruti Suzuki India, Suzuki Motor Corporation (SMC) said in India, it will provide not only battery EVs but also carbon-neutral internal combustion engine vehicles using CNG, biogas and ethanol mixed fuels.
On its battery EV introduction plan, SMC said, "In India, we will introduce the SUV battery EV announced at the Auto Expo 2023 in FY2024, with six models to be launched by FY2030".
By FY2030, the company said battery EVs will account for 15 per cent of its total product portfolio, while internal combustion engine vehicles will be 60 per cent and hybrid electric vehicles at 25 per cent.
The company's arm Maruti Suzuki India is the largest passenger vehicle maker by sales in the country. At the Auto Expo 2023 held earlier this month, SMC unveiled the concept electric SUV 'eVX' -- slated to hit the market by 2025.
SMC also highlighted the biogas business in India as one of the key focus areas.
"While we expect the Indian market to grow toward FY2030, we also expect that an increase in total CO2 emission amount is unavoidable, regardless of the reduction in CO2 emission from products. We will challenge to strike a balance between increasing sales units and reducing total CO2 emission amount," it said.