Toyota teams with Suzuki to bring EVs to India by 2020

Angelica Greene
November 19, 2017

Global automobile majors Toyota Motor Corporation and Suzuki Motor Corporation will join hands to produce electric vehicles (EVs) for the India market by 2020. In a statement, the two majors said they "have concluded a memorandum of understanding on moving forward in considering a cooperative structure for introducing EVs in the Indian market [by] around 2020".

Both the companies also plan a comprehensive study on charging stations, training for sales network staff members, and treatment of batteries, Suzuki said in a statement.

It should go without saying here that the growth potential in India's automotive market, and in particular in its plug-in electric vehicle market, is enormous.

For example, the Chinese-owned London Electric Vehicle Company is already selling the most environmentally friendly London taxi ever, with technology that could in the future be used in delivery vans and domestic cars, too.

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Maruti Suzuki is the largest vehicle manufacturer in the country which supplies large number of cars with various models in India. All things considered, the service needs just electric vehicles to use on Indian streets by 2030 as a component of its responsibility regarding decrease ozone harming substance discharges and save money on an as of now enlarged oil import charge.

Suzuki has already announced that it intends to construct a lithium-ion battery plant along with its partners in Gujarat, where it now operates a manufacturing plant supplying automobiles exclusively to its Indian arm Maruti Suzuki.

According to reports from Japanese news organization Nikkei, Suzuki may team up with Toyota Motor and Mazda Technologies for the electric vehicle innovation. Toyota's joint venture partners in the China are FAW Group Corp and Guangzhou Automobile Group.

"The partnership could help Toyota to expand in India's massive auto market, where drivers prefer the type of affordable compact vehicles in which Suzuki excels".

Other reports by GizPress

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