The country also needs this because only the manufacturing sector can create large scale jobs for youth and elevate India to a developed nation, he stated.
The company head further said, “We will come up with a range of solutions for our EV customers to remove their concerns on owning an EV. We will use the strength of our network to give confidence to the customers for after-sale support.
Maruti Suzuki pans to developing models around biofuels and hydrogen
The CEO noted that in the domestic market it is looking to utilise all kinds of technologies in its cars to combat carbon emissions. Other than EVs and hybrid cars, the company is also looking at developing models around biofuels and hydrogen.
“We will use all technologies to combat carbon emissions and oil consumption,” Takeuchi said, adding that with biofuels, many of us are not aware that India is sitting on an enormous treasure of natural resources. India is gifted with huge human resources, agricultural resources, and animal resources and all of these produce some bio-waste. These can be converted into biofuels and have a very low carbon footprint and many times are actually carbon negative, he said.”Though there are many countries in the world who are using the power of biofuels, I think India can quickly become world’s number one in biofuels and the rest of the world can start learning from India,” he stated. “Given the size and the unique context of India, we need not copy solutions from the rest of the world,” the company head added.
Maruti Suzuki’s exports to see ‘multiples of growth’
MSI plans to increase its exports by 2030, he said. He noted that the automaker’s overseas shipments will witness “multiples of growth” in coming years.
“There is no reason why India should not target a big pie of global trade. As Maruti Suzuki, I can tell you we are not talking about percentage growth but in terms of multiples of growth. So, our exports from India today are three times of what we had four years ago. Not only that, our exports will be 3 times of today in about 6 years from today,” he said.
The company has started exporting its products back to Japan. Last month, it exported Fronx to Japan. The first consignment of over 1,600 vehicles left for Japan from Gujarat’s Pipavav port. It is the first Sports Utility Vehicle (SUV) from the MSI stable to be launched in Japan.
MSI’s exports have increased by 1,85,774 units between FY21 and FY24.
Supporting deep localisation, he also focussed on cutting dependence on imports of various critical components.
“This is important because a country the size of India needs self-reliance in the entire value chain and almost eliminates import dependence,” Takeuchi said.
(With PTI inputs)