Massive Delays in EV Releases In 2020

Massive Delays in EV Releases In 2020

However, the coronavirus pandemic has made adverse shifts in operations, especially for electric vehicles, despite the preference towards a less compatible future for the nation. Likewise, there plans to drop EV prices to less than Rs 10. However, it may see further delay. Some of the most significant changes came from the car manufacturers’ difficulty when the coronavirus disruption came, including delays in the research and development supply chain. Several manufacturers dropped significant projects they were working on, opting to pick them when the time came. These included a Wagon EV project and the Toyota Kirloskar.

Other possible releases that will be hit by delays include Hyundai’s entry into a luxury sedan and its proposed SUV being released under its Smart Car Project. Likewise, there is an expected delay for a luxury level hatchback and a subcompact SUV from Tata Motors. An additional entry from Mahindra & Mahindra with the much-awaited E-XUV 300. Similarly, there are many delays for the proposed Atom quadricycle and Renault India’s expected Kwid EV.

 An additional effect is that many vehicle manufacturers plan to revamp their acquisition policies with an emphasis on local product procurement. This is due to the manufacturers getting limited supplies from china due to the pandemic. The much-delayed Wagon EV that was designed by Maruti Suzuki was a project intended to demonstrate its parent company Suzuki Motor’s technological evolution by 2020. The project faced feedback as the population reported a high cost of importation and increased effort in developing a localized version of the vehicle. Suzuki Company decided to shelf the project amidst the difficulties.

The industry currently experiences a constant drive towards changing the auto industry’s operations; particularly concerning getting Suzuki Motor Group’s newly developed lithium-ion batteries, which are a readily supplied commodity manufactures get access to. Suzuki has plans to finish its Gujarat plant, which is scheduled to become operational in 2021.

According to a related party, Maruti intends to structure a plan capable of providing a product at a massive scale coupled with a viable product proposal that will also lead to significant market transformations. This is opposed to the industry’s longstanding practice of importing several parts while planning to sell a few hundred vehicles. Maruti Suzuki opted to make no response to a mail sent until Friday afternoon.  According to Suzuki’s Chief Executive Officer Mahesh Babu, some of the recent launchings faced significant delays following complications that arose while curtailing the virus’s spread.