Auto players line up new EVs amid fresh government push

New Delhi: The Indian auto industry is gearing up to roll out an array of electric vehicle models over the next few years amid a renewed push by govt to encourage environment-friendly mobility solutions with the unveiling of a new policy.
Mass market players like Maruti Suzuki, Hyundai, Mahindra & Mahindra and Tata Motors are lining up new models to cater to demand across segments.
Mahindra & Mahindra CEO automotive sector Nalinikanth Gollagunta said that starting Jan 2025, the company will be rolling out five new battery electric vehicles in the coming years. “We expect 20-30% of our portfolio to be electric by 2027,” he noted.
Maruti Suzuki India executive officer (corporate affairs) Rahul Bharti said the auto major is making serious investments in EVs. “We will start production of a high-spec EV designed-fresh as an EV with 550 km range in FY24-25 and will have about six EV models in the next 7-8 years,” he said.

Hyundai Motor India COO Tarun Garg noted that as per multiple industry estimates, EVs are projected to contribute around 20% of India’s automotive market by 2030. Hyundai plans to invest around Rs 26,000 crore over 10 years in Tamil Nadu. This investment will also include setting up a battery assembly plant in the state.
A Tata Motors spokesperson said that the company aims to have 10 EVs by 2026. The company plans to introduce four more EV models this year, including Curvv EV and Harrier EV.
Luxury carmakers are also gearing up to enhance their EV lineup. “We are invested in the market, having an aggressive product strategy with more than 12 new products planned for debut in 2024,” a Merc India spokesperson said.agencies