Maruti Suzuki India (Maruti), owned by Suzuki Motor Corporation, which is India's largest car manufacturer with a market share of 49% in the Indian passenger car market (as of September 2021) will launch its first all-Electric Vehicle (EV) by fiscal 2025, said a report by Nikkei Asia.

Notably, the company has been reportedly testing a WagonR based EV since long. The report further said that the new EV will be released first in India followed by launches in home market Japan and Europe.

Maruti had earlier announced that it would invest 1 trillion yen (US$9 billion) by March 2026 for research and development in the area of automotive electrification. As part of a shift to electric powered vehicles, Suzuki has already been offering hybrid cars in India.

In addition, Maruti is also setting up a lithium-ion batteries production plan, which will be for the company's hybrid cars. Maruti has recently tied up with Denso, a car parts maker, and Toshiba.

A couple of days back, Maruti has launched an industry-first AI (Artificial Intelligence) based 24x7 virtual car assistant app, called “S-Assist” for its NEXA customers.

To recall, in August of 2009, Maruti partnered with Toyota to develop all kinds of green technologies and electric cars as well as CNG and hybrid cars, in order to cut oil imports and reduce air pollution.

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