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Japan Specialist

Mark Chadwick

Equity Bottom-Up

<ul>
<li>After reviewing Suzuki's EV Strategy we turn Bearish on the outlook and see downside for the share price. </li>
<li>We believe that Street has missed the rising costs associated with the electrification strategy. We see a period of weaker margins. </li>
<li>Suzuki only targets 20% of sales to come from EVs in India, its largest market. It could be viewed as a laggard. </li>
</ul>


After reviewing Suzuki's EV Strategy we turn Bearish on the outlook and see downside for the share price. 
We believe that Street has missed the rising costs associated with the electrification strategy. We see a period of weaker margins. 
Suzuki only targets 20% of sales to come from EVs in India, its largest market. It could be viewed as a laggard. 


Suzuki (7269) | EV Strategy – A Dead End?

Suzuki Motor

Suzuki (7269) | EV Strategy – A Dead End?