Maruthi Suzuki the pioneer in the Indian domestic market, will soon venture into electric cars. R C Bhargava said, “Maruti Suzuki will make electric cars, I cannot confirm the timelines but we will get electric cars and will remain the leader on the electric front as well, we have to move to electric and we will move to electric, in the meanwhile we would want the non-electric cars to be hybrid cars”.
Maruti Suzuki believes that future of hybrid cars is dependent on what taxation policy the government decides on. Hybrid cars are superior to conventional cars as they reduce fuel consumption. The sale of company’s mild hybrid vehicles has come down drastically. The SHVS mild hybrid Maruti Suzuki Ciaz trend has reversed and post GST, only 30% of diesel variants of Ciaz sold are hybrids as against 70% earlier. However, the company would continue to invest in hybrid and mild hybrid technology in India.
Maruti Suzuki shares are also currently the most valued auto stock in the world behind Elon Musk’s Tesla.