Maruti's boss knows why India's largest carmaker is slow in the EV lane
Maruti Suzuki India is anticipating a policy framework that supports all clean technologies, enabling the transition from petrol and diesel cars to vehicles with eco-friendly technologies, as stated by Chairman RC Bhargava. In his address to shareholders in the company's 2023-24 annual report, Bhargava emphasised that industrial growth relies on stable policies and a predictable work environment.
He also expressed optimism that in Prime Minister Narendra Modi's third term, the government will continue to focus on infrastructure development, maintaining fiscal discipline, controlling inflation, implementing reforms to enhance manufacturing competitiveness, and fostering trust in the private sector.
«Some believe that your company has been slow to manufacture electric vehicles. We decided to adopt a more diversified approach to meeting national objectives and did not want to put all our eggs in one basket,» Bhargava wrote.
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He further said the government has also accepted that in India there is need to use different technologies.
Awaiting Policy Framework
«Some states, like UP (Uttar Pradesh), have already taken steps in this direction. We now await a policy framework that would lead to the promotion of all technologies that result in petrol and diesel cars being replaced by cars using other technologies,» he said.
Bhargava emphasised that a major national objective for the car industry is to reduce carbon and
