India's car market is projected to reach 20 million units by 2047, driven by the growth of electric vehicles. Suzuki aims for a 50% market share by 2030 with plans to introduce their first EV in India and Europe. The competition in the EV segment is intensifying, with a focus on developing new battery technology for everyday use models. Collaboration with Toyota is expected to enhance product development. Additionally, Suzuki sees potential in compressed natural gas cars in India.
from Auto-Industry-Economic Times https://ift.tt/kL9QiqC
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