Japanese auto major Suzuki Motor Corporation is set to showcase a slew of vehicles across the two-wheeler and four-wheeler range, including Swift Concept and Wagon R CBG (Compressed Biogas) vehicle at the upcoming Tokyo Motor Show 2023.
In an investor presentation, the company has shared that the prospects for the Indian market remain strong for the medium-to-long term. It has reiterated its target of selling 3 million vehicles and capture 50 percent of the total passenger vehicle sales by the year 2030. This includes the upcoming 6 new electric vehicles launched during the period. The production also will be increased from the present 2.25 million units to 4 million units in the next 6 years.
The company in fact, also sees a huge role for the gaseous fuels in the passenger vehicle space, by exploring CBG (Compressed Biogas) for Africa and other emerging countries other than India. It may be recollected that in September 2023, Suzuki signed a triparty agreement with Banas Dairy, one of Asia’s largest dairy manufacturer and the National Dairy Development Board, a government of India organization, to setup a biogas production plant.
By 2025, around 4 biogas production plants are being planned for which the partners expect to invest upto Rs 230 crore. This plants will have a biogas filling station, which can be sold as fuel for CNG vehicles.
At the upcoming Tokyo Motor Show 2023, Suzuki plans to showcase the following models –
- eVX: Suzuki’s first global strategic EV
- eWX: A mini wagon EV
- e Every Concept: A mini-commercial electric van
- Spacia Concept / Spacia Custom Concept
- Swift Concept
- WagonR CBG
- e-Burgman
- Hydrogen engine Burman