Incentives needed to push e-vehicles, says Maruti Suzuki chairman

No plan to split Maruti stock, says Maruti Suzuki chairman

The country’s largest carmaker Maruti Suzuki has said government’s intervention in the form of incentives is needed to make electric vehicles affordable for the masses. The company, which would start producing electric cars in the country by 2020, will also set up charging stations.

 
“Some policy intervention will be required for electric vehicles. We will be able to specify the nature of these incentives after we do a proper costing and have more information,” said R C Bhargava, chairman of the company. Maruti, which owns a 50 per cent share in domestic passenger vehicle segment, is commissioning a study to