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Suzuki to Launch Electric Vehicles in India First, Nikkei Reports
The logo of Suzuki Motor Corp at the 45th Tokyo Motor Show. Photo: Reuters

Japanese compact car maker Suzuki Motor will release its first all-electric vehicle by 2025, Nikkei has reported.

The new EV will be released first in India, Suzuki’s stronghold where it has a market share of about 50%, to be followed by launches in Japan and Europe. 

 

Read more: Suzuki to launch EVs by fiscal 2025

 

The first EV model will be made available for 1.5 million yen ($13,700) or less, after government subsidies are taken into account. 

EV sales have been slow in India, the world’s fifth-largest auto market, with annual sales of 3 million units. The country, though, has a goal of making 30% of new car sales electric by 2030.

 

Sean OMeara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.

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