It may sound like a broken record at this point but the future of mobility is electric. Suzuki Motor Corporation is among the car brands realigning its strategy towards the electric future.
In its growth strategy plan for fiscal year (FY) 2023, Suzuki aims to contribute to the realization of a carbon-neutral society. The Japanese car brand also wants to achieve economic growth in emerging countries such as India, ASEAN, and Africa.
Included in Suzuki’s plan is to launch five new electric vehicles (EVs) in Europe by 2030, which include SUVs and B-segments (subcompact). The first of the five new EVs is set to be revealed in 2024, according to Suzuki.
Interestingly, among the upcoming EVs teased by Suzuki for Europe appears to be an electric Jimny. Although, the Japanese automaker did not disclose that it will be an electrified version of the popular Jimny. However, the silhouette from the teaser image shares similarities with the Jimny. This gives a hint that an electric Jimny could be among the EVs set to be launched over the decade.
Suzuki also targets to have 80 percent of its sales volume in Europe to come from EVs while the rest of the pie will be from hybrid vehicles.
In its home market in Japan, Suzuki will be introducing mini commercial EVs this year. It will also be rolling out six new EVs by 2030, and will be developing new hybrid vehicles along the way.
In India, Suzuki said that will introduce the production version of the eVX concept in 2024. The eVX concept first debuted at the 2023 Auto Expo. A total of six new EVs will be launched in India by 2030.
Suzuki India aims to have 15 percent of its sales volume to be driven by EVs by 2030. While 25 percent will be hybrid vehicles, and 60 percent will be from internal combustion engine (ICE) vehicles. Suzuki shared that will be rolling out carbon-neutral ICE vehicles that use Compressed Natural Gas (CNG), biogas, and ethanol mixed fuels.
Suzuki added that will be investing 2 trillion Yen in research & development (R&D) expenses, and 2.5 trillion Yen in capital expenditures. This totals an investment of 4.5 trillion Yen by 2030. The investment for R&D will be allocated for carbon neutrality such as electrification and biogas as well as autonomous technology.
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