Maruti Suzuki India Ltd. has started production of its first electric vehicle with exports firmly in sight.
Prime Minister Narendra Modi flags off Maruti Suzuki’s first electric vehicle e-Vitara from the Hansalpur plant in Gujarat. (Maruti Suzuki)
On Tuesday, Prime Minister Narendra Modi flagged off the eVitara from the Hansalpur plant in Gujarat. The Made-in-India eVitara will be exported to more than 100 countries, including Japan.
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Modi also inaugurated the lithium-ion battery manufacturing facility by Japan's Suzuki Motor Corp. Ltd., Toshiba, and Denso, supporting hybrid and electric vehicle battery production.
Suzuki will invest ₹70,000 crore in India over the next 5-6 years to increase production, launch new models and defend its market share in the world's third-largest car market.
“Many companies have increased their trust on India,” the prime minister said at the event. “Till a few years back, EV battery were completely imported (into India). Localisation of battery cells and electrodes will provide a good boost to India’s EV infrastructure.”
Tushar Deep Singh is a business journalist and digital editorial leader with 12 years of experience in financial journalism. Currently Assistant Editor at Hindustan Times, he is building the HT Business vertical and managing the newsletters for both Livemint and HT. When not in the newsroom, he can be found on a motorcycle. Throughout his career, Tushar has been instrumental in scaling digital publishing operations at some of India’s largest financial news websites. His six-year tenure at Mint—the first job—saw him plunge into online media to deliver record-breaking digital engagement for Livemint.com, including 7.2 million page views on 2017 UP Election Results day. He held fort at Livemint during a senior-level leadership transition later that year. That won him the HT Media Star Award (Bronze) in 2017 and a Certificate of Appreciation for Editorial Excellence in 2018. As the head of the digital desk at ETtech, he curated two daily, full-stack newsletters from an editorial as well as product perspective. At NDTV Profit, he transitioned from website editor to principal correspondent, reporting on the auto sector for the TV channel and website, thereby adding yet another layer to his editorial expertise. He is a post-graduate in journalism from Xavier Institute of Communications, Mumbai, and a graduate from St. Xavier's College, Ahmedabad.
