Toyota and Suzuki will start producing electric cars for India by 2020

Isaac Cain
November 19, 2017

The talks started for business partnership, after which they began discussing, among other topics, the dissemination of vehicle electrification technologies in India.

As India counts high on electric vehicles, the global scene seems to be much more agile and committed in taking the pace. 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".

Japanese auto makers Toyota and rival Suzuki on Friday announced their plans to launch their first electric vehicle together by 2020.

Will Suzuki and Toyota be able to jointly succeed in taking a large portion of India's EV market, or will more establish EV leaders like Tesla and Nissan swoop in to lead the market? Prior this month, Toshihiro Suzuki, CEO of Suzuki Motor Corporation and a chief on the leading body of Maruti Suzuki, in Japan voiced his dread in regards to the antagonistic effect the presentation of electric vehicles and absence of innovative ability will have on the fortune of the Indian subsidiary.

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As envisioned by the agreement, in addition to lithium-ion batteries, electric motors and other major components will be locally procured for the production of EVs in India, helping the Indian government fulfil its "Make in India" initiative, even in the field of EVs, it added.

In a bid to shift to electric vehicles in India, Suzuki has already announced that it will set up a lithium-ion battery manufacturing plant in Gujarat.

The decision towards electric mobility from the automobile giant comes at a time when the government has been aggressively pushing the idea of complete electrification of vehicles by 2030.

Toyota's plans, which were outlined today, include the possibility that local partners will both design and manufacture electric vehicles under the Toyota brand.

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