Business Mantra News
Maruti Suzuki reveals its plans to introduce electric cars in the coming future. India’s biggest car manufacturing company has said to start the production of Electric Cars (EVs) as early as when it will see the preferences of consumers.
Maruti Suzuki is also seeking to help the government of India in introducing EVs policy. The company has made its plan to make India an electric car market only by 2030.The information regarding technical aspect of the manufacturing has not been revealed but it is expected to be revealed within few months. However, an investment of Rs. 1,200 crore had been planned as announced by the company on April for setting up an automotive lithium-ion battery manufacturing unit in India.
The expected price of the EVs would be in the range of Rs. 5 lakhs to Rs. 10 lakhs. The GST rates have also been reduced on EVs, earlier it was 20.5% but now it is 12% only. One of the major plus point of EVs is the reduction in environment pollution and also National Green Tribunal (NGT) is also encouraging the Indian government to promote positive developments.