Maruti Suzuki's Green Transition: A New Era of Clean Technology

Maruti Suzuki India awaits supportive policies for adopting clean technologies to replace petrol and diesel cars. Chairman RC Bhargava emphasizes the need for diverse technology approaches and highlights infrastructure development, policy stability, and economic-social alignment as crucial factors for industrial growth and environmental goals.

Maruti Suzuki India is poised for a green transition, awaiting supportive policies to integrate diverse clean technologies and phase out traditional petrol and diesel vehicles, Chairman RC Bhargava announced.

In the company's annual report for 2023-24, Bhargava stressed the importance of policy stability and a predictable work environment for industrial growth. He commended the government for its infrastructure efforts and fiscal discipline, hoping for continued reforms to boost manufacturing competitiveness.

Addressing shareholders' concerns about the company's electric vehicle strategy, Bhargava highlighted Maruti Suzuki's commitment to offering a range of technologies to meet varied consumer needs. He emphasized the environmental benefits of hybrid, CNG, ethanol, and biogas alternatives, pushing for minimized reliance on pure petrol and diesel vehicles.

Main ingredients of growth, including infrastructure and technological innovation, set the stage for Maruti's future. The company's CEO, H Takeuchi, echoed this sentiment, envisioning broad car ownership as part of India's development towards 'Viksit Bharat' by 2047.

(With inputs from agencies.)