Maruti Suzuki plans one EV model every year, to launch first EV in January

Maruti Suzuki Ltd. reported a 47% rise in net profit for Q1 FY25, reaching Rs 3,650 crore due to increased SUV sales and cost-saving measures. The company aims to launch one electric vehicle each year, starting in 2025. CNG vehicle sales climbed, overtaking diesel for the first time during this quarter, reflecting strong market demand.