Suzuki to enter electric vehicle market by 2025, starting with India - Nikkei
Global Economy
19 July, 2021, 04:30 pm
Last modified: 19 July, 2021, 07:21 pm
The automaker plans an all-electric compact model to be made available for around $13,626 after government subsidies are taken into account
The logo of Suzuki Motor Corp. is pictured at the 45th Tokyo Motor Show in Tokyo, Japan October 25, 2017. Picture taken October 25, 2017. REUTERS/Toru Hanai/Files
Suzuki Motor Corp will enter the electric vehicle (EV) market by 2025 starting in its stronghold market India, Nikkei reported on Monday.
The automaker plans an all-electric compact model to be made available for around 1.5 million yen ($13,626) after government subsidies are taken into account, the Nikkei said.
"We have been saying that we will enter EV and strong hybrid cars in India by 2025," a Suzuki spokesperson said, but added that the company has not announced any price or whether it will launch EVs in India first.
($1 = 110.0800 yen)
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