Maruti Suzuki Launches First Electric Car e-Vitara

Shares of Maruti Suzuki India rose nearly 1% on Tuesday after the company announced the launch of its first electric car, the e-Vitara, priced at Rs 10.99 lakh (ex-showroom). The price does not include the battery, and the company has not yet revealed the total price including the battery.

The stock closed 0.87% higher, up Rs 130 at Rs 15,180, compared to the previous close of Rs 15,049. The company’s market value stood at Rs 4.77 lakh crore. Over the past year, Maruti shares have risen 19%, and in the last six months, they gained 17.49%. However, the stock has fallen 4.26% in the past month and is down 9.18% so far this year.

Maruti Suzuki is offering a battery EMI option of Rs 3.99 per km, making it easier for customers to own the e-Vitara. The car will be available at 700 Nexa touchpoints across India.

The e-Vitara comes with two battery options: a 49-kWh battery for the base variant and a 61-kWh battery for higher trims. Maruti claims that the top-trim variant can cover 543 kilometres on a single charge, as certified by ARAI (Automotive Research Association of India).

The launch of the e-Vitara marks Maruti Suzuki’s first step into the electric vehicle market, competing with other automakers in India’s growing EV segment.