buy electric vehicle There is good news for the people preparing for the exam. Big auto companies of the country are preparing to launch many new electric vehicles. In the automobile sector, big companies like Maruti Suzuki, Hyundai, Mahindra & Mahindra and Tata Motors are preparing to launch new EV models to meet the demand of various segments. Mahindra & Mahindra Chief Executive Officer (CEO) Automobile Sector Nalinikant Golagunta said the company will introduce five new battery electric vehicles in the coming years. It will start from January 2025. These electric sports utility vehicles (SUVs) will be built on Mahindra’s innovative INGLO platform, he said. We aim to cater to different segments of consumers through a diverse range. The purpose of launching these SUVs is to strengthen its position in the electric vehicle segment. By 2027, 20 to 30 percent of our portfolio will be electric vehicles.
Maruti will launch EV with 550 km range
Rahul Bharti, Executive Officer (Corporate Affairs), Maruti Suzuki India (MSI) said that we are investing heavily in the electric vehicle sector. He said, we will start production of newly designed high-spec electric vehicle in the form of EV with 550 km range in FY 2024-25. In the next seven-eight years we will have six electric vehicles. Bharti said that to cut carbon and crude oil imports, the country will need many more technologies like hybrid-electric, CNG, bio-CNG, ethanol flex fuel etc. He said, we are committed to work on all such technologies also.
Market share of EV will be 20 percent by 2030
Tarun Garg, Chief Operating Officer (COO), Hyundai Motor India, said that we are one of the first original equipment manufacturers (OEM) in the country to launch the full-fledged long-range SUV ‘Kona’ in 2019. Last year the company had introduced its premium electric SUV IONIQ 5. Garg said that according to many industry estimates, EVs’ share of India’s vehicle market will reach around 20 percent by 2030. He said that we are confident that electric vehicles will soon be part of the mainstream. The company plans to invest Rs 26,000 crore in Tamil Nadu in the next 10 years. This investment also includes setting up a battery assembly plant in the state.
Tata will increase the number of electric model vehicles to 10.
A Tata Motors spokesperson said the company aims to take the number of its electric models to 10 by 2026. The company plans to introduce four more EV models including the Curve EV and Harrier EV. Luxury vehicle companies are also showing interest in the EV sector. Mercedes-Benz India spokesperson said that we plan to launch 12 new products in 2024. Three of these will be new battery electric vehicles (BEVs).
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