The company said that by FY2030, battery EVs will account for 15 per cent of its total product portfolio.
New Delhi:
Japan’s Suzuki Motor Corporation on Thursday said it will introduce six battery electric vehicles in India by FY30 as part of its growth strategy and achieve carbon neutrality by 2070 as per the target set by the government.
In a growth strategy for FY2030 shared on BSE by its Indian arm Maruti Suzuki India, Suzuki Motor Corporation (SMC) said in India, it will not only provide battery EVs but also provide carbon-neutral internal combustion engines blending CNG, biogas and ethanol. The combustion engine will also provide the vehicle. fuel.
On its battery EV introduction plan, SMC said, “In India, we will introduce the SUV battery EV announced at Auto Expo 2023 in FY24, with six models to be launched by FY2030.”
By FY2030, the company said battery EVs would account for 15 per cent of its total product portfolio, while internal combustion engine vehicles would account for 60 per cent and hybrid electric vehicles 25 per cent.
The company’s arm Maruti Suzuki India is the largest passenger vehicle manufacturer by sales in the country. At the Auto Expo 2023 held earlier this month, SMC unveiled the concept electric SUV ‘eVX’ – which is 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 towards FY2030, we also expect that an increase in the total CO2 emission amount is inevitable despite the reduction in CO2 emissions from products. Will challenge to balance the CO2 emissions amount,” it said.
Suzuki’s unique initiative to address this challenge is the biogas business, which will produce and supply biogas derived from cow dung, which can be seen primarily in rural areas of India.
“This biogas can be used for CNG models of Suzuki, which accounts for about 70 per cent of the CNG car market in India,” it said, adding that Suzuki has partnered with the Indian government agency National Dairy Development Board and Asia’s largest Banas Dairy. signed an MoU with. Dairy producers, for verification of biogas.
The Japanese small car major further said that it has also invested in Fujisan Asagiri Biomass LLC, which produces electricity from biogas derived from cow dung in Japan, and is starting its study.
“We believe that the biogas business in India not only contributes to carbon neutrality but also drives economic growth and contributes to India’s society.”
The company will also look to expand business to other agricultural regions including Africa, ASEAN and Japan in the future.
“Suzuki, the market leader in India’s automobile market, is contributing to carbon neutrality and economic development of emerging countries, in line with the intent of the Paris Agreement, which calls for harmony between developed countries and emerging countries for the reduction of CO2 emissions.” required,” it said.
Among the key initiatives for FY2030, carbon neutrality tops the agenda for SMC.
“Based on the target date set by each government, Suzuki aims to achieve carbon neutrality by 2050 in Japan and Europe and by 2070 in India,” the company said.
In terms of research and development, the company said that Suzuki Headquarters, Yokohama Lab, Suzuki R&D Center India and Maruti Suzuki will collaborate for efficient development by sharing developments in each area of future technologies, advanced technologies and mass production technologies .
In addition, the Suzuki Innovation Center is looking for new connections and innovations for Suzuki to fully take root in India.
The company further said that it will enhance its manufacturing capacity by collaborating with external partners including startup companies, Suzuki Suppliers Association, and collaborating with universities in Japan and India.
featured video of the day
Software giant SAP to lay off 3,000 employees
