Zero-emissions. Futuristic designs. Virtually no fuel costs.
What’s not to love about electric vehicles (EV's) ?
A Thread on @Maruti_Corp future plans 🧵
RT & help us educate investor community 🙌
What’s not to love about electric vehicles (EV's) ?
A Thread on @Maruti_Corp future plans 🧵
RT & help us educate investor community 🙌
Maruti Suzuki, an icon in the car-making space, has refused to jump on the bandwagon.
It seems they are waiting for the right moment — for regulations and the infrastructure to fall in place.
It seems they are waiting for the right moment — for regulations and the infrastructure to fall in place.
Their chairperson even said,
“If I start selling EV's I would like to sell maybe 10,000 EV's in a month or something like that.”
“If I start selling EV's I would like to sell maybe 10,000 EV's in a month or something like that.”
And this sentiment is understandable.
For a carmaker that sells around 1,20,000 cars every month, of course, you’d expect them to sell at least 10,000 EV's a month.
For a carmaker that sells around 1,20,000 cars every month, of course, you’d expect them to sell at least 10,000 EV's a month.
So maybe they were waiting — on the sidelines to make their mark 👇
But why are they splurging this kind of money?
Couldn’t they have just built a plant to accommodate the EV's and left it at that?
Couldn’t they have just built a plant to accommodate the EV's and left it at that?
However, Maruti has one big problem. And that problem is called Tata.
In February alone, Tata Motors sold 2,264 electric vehicles out of the 2,352 EV's sold.
So by the time Maruti Suzuki gets up to speed in 2025, they could become laggards in an industry dominated by the Tata.
In February alone, Tata Motors sold 2,264 electric vehicles out of the 2,352 EV's sold.
So by the time Maruti Suzuki gets up to speed in 2025, they could become laggards in an industry dominated by the Tata.
Another interesting point 👇
In any case, all this is speculation.
And we will probably have to wait and see how Maruti Suzuki goes about this business.
Will it upstage incumbents and become the top player in the EV space or will other companies like Tata Motors power the next-gen revolution ?
And we will probably have to wait and see how Maruti Suzuki goes about this business.
Will it upstage incumbents and become the top player in the EV space or will other companies like Tata Motors power the next-gen revolution ?
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