- Suzuki Motor Corp (OTC:SZKMF) India unit, Maruti Suzuki India Ltd, is planning to launch its first electric car in 2025.
- The mid-sized electric sports utility vehicle, named, eVX (Emotional Versatile Cruiser) will be produced in the state of Gujarat, Bloomberg reported.
- The move is considered India’s biggest automaker’s attempt to recover the ceded ground to rival South Korea’s Hyundai Motor Co. (OTC:HYMTF).
- “Given the power supply situation, electric vehicles alone can’t be the solution in India,” the report cited Suzuki Motor President Toshihiro Suzuki.
- The company has lagged behind local brands, including Tata Motors Ltd and Mahindra & Mahindra Ltd, in launching electic vehicles.
- Price Action: HYMTF shares closed at $31.55 on Tuesday.
LiveOne’s Wholly Owned Subsidiary PodcastOne Closes $8.1M Financing At A Pre-money Valuation Of $60M
LiveOne's Wholly Owned Subsidiary PodcastOne Closes $8.1 Million Financing at a Pre-Money Valuation of $60 Million as Part of Its Intention to Spin-Out PodcastOne as a Separate Public Company Before Year End
LiveOne
