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Electric vehicles

Was Dalal Street underestimating the potential of Maruti’s first EV?

Was Dalal Street underestimating the potential of Maruti’s first EV?
Was Dalal Street underestimating the potential of Maruti’s first EV?
Maruti Suzuki's concept Electric SUV eVX stands on display at its launch during the Auto Expo 2023 in Greater Noida, India.

Synopsis

The first EV from the Maruti Suzuki stable is expected to add INR25,000 crore to the company’s top line. That is sharply higher than analyst estimates. Maruti Share price touched an all-time high on 20th March even as the Auto Index has fallen 5% from its all-time high hit earlier this month.

If you have fallen in love with electric vehicles (EVs) for their silent aggression and futuristic style, you might get a sense of desolation if you visit any Maruti Suzuki dealership. For, you will find none on display. But that’s going to change as India’s number 1 carmaker is set to launch its electric car eVX around December this year, although the deliveries may take some time. This is also going to be Maruti parent Suzuki’s first EV, first
( Originally published on Mar 19, 2024 )
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The Economic Times