The Maruti Suzuki 3.0 goal includes the introduction of new Electric Vehicle models and technology, as well as the reduction of carbon impact and the expansion of production capabilities.
Maruti Suzuki India Limited (MSIL) has launched the ‘Maruti Suzuki 3.0’ Annual Integrated Report for FY2022-23. The company has grown from producing roughly 20,000 cars per year to generating close to 2 million automobiles per year in FY 2022-23, and it has pleased over 27 million people in the local market and around 100 nations across the world.
R. C. Bhargava, Chairman of Maruti Suzuki India Limited, stated regarding the Maruti Suzuki 3.0 business strategy, “Our first phase was when we were a public enterprise.” The second phase concluded with the COVID-19 epidemic, and India’s car market grew to become the world’s third largest… It took us 40 years to build a 2 million-unit capacity, and Suzuki Motor Corporation assisted in this process by creating the Gujarat factory. Your company must now add the next 2 million in 9 years.”
The largest auto manufacturer in the country’s exports increased to 2.59 lakh units last year, and demand is predicted to rise further, with export volumes projected to reach 7.50 lakh to 8 lakh units by the 2030-31 fiscal year. The Maruti Suzuki 3.0 project comprises the introduction of new models and technology, as well as the reduction of carbon emissions and the expansion of production capacity.
MSIL plans to put out over 1.5 million electric vehicles by FY 2030-31, and by the conclusion of the Maruti Suzuki 3.0 vision, it would have as many as 28 vehicles in its domestic lineup. The Indo-Japanese firm intends to build more than four million vehicles per year by the end of this project, with BEVs accounting for 15-20% of that total and hybrids accounting for a million of that total.
Six zero-emission vehicles are scheduled to arrive by FY2030-31, according to the brand. Maruti Suzuki wants electrified vehicles and hybridized models to account for 40% of its production output, therefore 3.2 million of the planned 4 million units will be allocated to the domestic market.
The production version of the eVX concept, which has previously been observed testing in Europe, will be the first all-electric vehicle to hit the market. Maruti Suzuki will launch a slew of electric SUVs in India, Japan, Europe, and other markets based on the specialized EV architecture. Aside with strong hybrids and CNG fuel, the brand places a great emphasis on alternative fuels such as ethanol and compressed biogas.