Japanese auto major Suzuki Motor Corporation (SMC) will leverage India as a production hub, also for electric vehicles, Toshihiro Suzuki, Representative Director and President said, adding the company expects demand for electric cars to grow in the country bucking global trends and will introduce multiple products including compact affordable ones to strengthen its presence in the segment.
The company said its Indian subsidiary will be the largest manufacturing hub for global exports—for both internal combustion engine (ICE) vehicles and electric cars. The company does not see any threat from competitors, including its partner as well as rival Toyota Motor, in its aim to achieve 50 percent market share.
Toshihiro Suzuki, Representative Director and President, Suzuki Motor Corporation (SMC) told reporters here that the company will also be launching affordable small electric vehicles (EVs) in the future as India still has a big potential for small cars with more than one billion two-wheeler customers likely to upgrade to a small car.
“India is now the third largest automobile market in the world, hence the entire world is looking at it. So, naturally the competition is getting intense/ tougher, but Maruti Suzuki India (MSIL) would like to respond with products, services, and marketing. By making efforts in these areas, we would like to expand our market share to 50 per cent,” Suzuki was quoted as saying by media.
