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Cost to be key for electric cars: Bhargava

10/04/2018 | Author: Autoguide | 0 Comments Back To Home   < Previous News   |   Next news >

Mr RC Bhargava

The cost of electric cars will be key for these to be popular in the Indian market feels Maruti Suzuki Chairman, Mr RC Bhargava. According to him, “For a petrol car with a Rs 500,000-600,000 tag, an EV variant would not be less than Rs 1.2 million today. In India where upfront cost is the key, it would not be attractive to consumers.”
 
Mr Bhargava speaking to a local news daily said, “And for an average car user, the operational cost of running the car even after saving petrol would get neutralised by high EMI cost and depreciation.” He said that EVs could make sense for bigger cars initially as the relative difference in the car price would not be that high, compared to small cars.
 
The Maruti Chief also made a plea to encourage hybrid cars. He said many issues were still not clear with regard to EVs, especially the cost of batteries. “While everyone says it will fall, the demand for lithium, which is available only in some countries, could go up substantially,” he added. 
 

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