Maruti Suzuki revises EV launch plans and scales back sales targets
Suzuki Motor Corporation, the parent company of Maruti Suzuki, has indicated a rethink of its India strategy in its latest Mid-term Management Plan, citing a decline in market share. As part of this revision, the company has lowered its long-term sales outlook by 15 percent and reduced the number of electric vehicles planned for India to four by FY2031, down from the six models announced earlier.