The bid was eventually won by M&M and Tata Motors. After all, the government wants only electric vehicles to ply on Indian roads by 2030 as part of its commitment to reduce greenhouse gas emissions and save on an already bloated oil import bill. Earlier this month, Toshihiro Suzuki, chief executive officer of Suzuki Motor Corporation and a director on the board of Maruti Suzuki, in Japan voiced his apprehension regarding the adverse impact the introduction of electric vehicles and lack of technological knowhow will have on the fortune of the Indian subsidiary. "As envisioned by the agreement, in addition to lithium-ion batteries, electric motors and other major components would be locally procured for the production of EVs in India, helping the Indian government fulfill its " Make in India " initiative, even in the field of EVs," noted the spokesperson of Suzuki Motor Corporation in a statement.