At Maruti Suzuki India’s annual general meeting in August 2021, shareholders wanted to know the company’s plans for the electric vehicles (EV) market. R C Bhargava, the chairman, said India’s largest passenger vehicles maker would enter EVs when it was “feasible to sell them in reasonable numbers” without “making losses”.
At that time, three companies had already entered the fray. Was Maruti going to drag its feet on EVs just as it had on the question of adopting diesel as a fuel and launching sports utility vehicles (SUVs), ceding crucial head starts to rivals? Maruti seemed to be betting more