The whole auto industry sits up and takes notice when Maruti Suzuki makes a statement. RC Bhargava, Chairman of Maruti Suzuki, said today at the annual integrated report that he is aware that large resources are now being deployed for technology development, which will lead to lower EV costs and reduced reliance on Lithium, which procurement poses some strategic issues of national importance.
The timeline for all of this is uncertain, but in the meanwhile, the need to cut oil imports and harmful emissions remain. In this situation, he stated that CNG has been widely embraced as a fuel for tiny automobiles and that the government has recognised its value. He went on to say that hybrid automobiles, which have high fuel efficiency, will also help to cut petroleum imports. Hybrid automobiles also produce fewer emissions, something MSIL experts are striving to improve. Bhargava further stated that these two technologies, when combined with biofuels, provide the government with a way to achieve its ultimate objective of net-zero emissions. The usage of hydrogen is also a viable option that should be investigated, particularly to minimise reliance on Lithium imports. MSIL will be able to employ hybrid technology thanks to Toyota cooperation. “We were pretty positive about the prospects for FY2021-22 in March 2021,” Bhargava said of the current market condition. The suddenness and intensity of the pandemic’s second wave caught everyone off guard, resulting in lockdowns and restrictions in most regions of the country. The first quarter’s sales were just 353,600 copies. The next three quarters’ performance will be mainly determined by how well all of our residents follow the government’s instructions to get vaccinated and follow safety measures. If we can avoid or considerably limit the effects of the third wave, and there are no additional waves, economic activity and automobile sales can dramatically increase over last year.”
MSIL’s MD and CEO, Kenichi Ayukawa, stated that the MSIL automobile fleet has the lowest CO2 emissions under the CAFE rules. He went on to say that the business is using a combination of powertrain technologies, including electrification and compressed natural gas, to reduce CO2 emissions even more. In its most current mid-term plan, SMC stated that it will offer appropriate goods such as Utility Vehicles (UV) to improve MSIL’s product line-up, encourage hybrid adoption, and launch electric vehicles. There’s also the part where the firm encourages activities across the value chain to conserve natural resources and safeguard the environment. Increased use of solar power in car manufacturing, increased use of railway logistics for vehicle dispatches, optimisation of raw material usage through 3R techniques, water conservation in manufacturing and vehicle servicing, waste management, and control of the use of Substances of Concern are just a few of the key initiatives.
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