Maruti and Toyota Partner Up for Electric Vehicles: Here's What We Know

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   Apr 01,2024
       

Maruti Aims for EV Crown: YMC and eVX Lead the Charge

India’s leading carmaker Maruti Suzuki is making a big push in the electric vehicle (EV) market. As part of this initiative, a new electric MPV (multi-purpose vehicle) was developed in partnership with Toyota. This news comes on the heels of the recent announcement of a partnership with the eVX electric SUV, which is similar to Toyota’s Urban SUV concept.

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Sharing the electric future: Maruti YMC with its sibling Toyota

We already know that Maruti and Toyota are collaborating on the eVX SUV, similar to their existing partnerships with cars like Baleno-Glanza, Ertiga-Rumion etc. Now, we hear that the upcoming Maruti YMC electric MPV, codenamed for now, also a Toyota-branded version will later Come to market. This approach makes good business sense for both companies. By sharing the same platform and powertrain for the YMC MPV and eVX SUV, increased economies of scale can be achieved, which means more vehicles can be produced at a lower cost per unit.

Maruti aims to be the electric car leader

Maruti Suzuki has ambitious goals for the electric car market. They aim to become the largest manufacturer of EVs in India by 2027-28. The YMC MPV and eVX SUV are key players in this range. Maruti expects YMC to sell 50,000 to 100,000 units annually once launched by the end of 2026. Combining these sales with eVX, Maruti aims to produce 250,000 units of electric vehicles annually within 2-3 years from was established Including.

Also Read: Volkswagen Scirocco's Potential Return as an Electric Sports Coupe

Start with the timeline and price expectations

The Maruti YMC electric MPV will be launched in September 2026, pricing details have already been announced for March 2025. The Toyota version of the YMC based on the Urban SUV concept will follow around 9-12 months after The Urban SUV concept is coming.

Electrification of roads in India

This collaboration between Maruti Suzuki and Toyota is a significant development for the Indian electric vehicle market. With major players like Maruti entering the industry, we can expect more electric cars at affordable prices. This could be a game-changer for the adoption of electric vehicles in India, making them more convenient and attractive for consumers.

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