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.
