Toyota and Suzuki Bringing Electric Vehicles to India in 2020 (Download PDF)

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Japanese automakers Suzuki Motor and Toyota Motor finalized an agreement to manufacture and sell electric vehicles in India by the turn of the decade. Companies will undertake a comprehensive study of activities for widespread acceptance and use of electric vehicles in India.

Image of Electric Vehicles Advantages

Image of Electric Vehicles Advantages

Image of Electric Vehicles Advantages

  • The move lends credence to the government’s vision of switching to full electric mobility from 2030 and involvement of Suzuki boosts its ‘Make in India’ initiative.

Details of MOU

  • According to the memorandum of understanding, Toyota will provide technical knowhow for the project while Suzuki will manufacture the vehicles for the Indian market and supply some to Toyota.

  • MoU is part of the overall agreement between Suzuki and Toyota; however, India’s urgent EV push with a 2030 deadline was addressed first.

EV in India

  • India is fastest-growing automobile markets, which can leverage Suzuki’s large low-cost manufacturing capability and supplier base to mobilize government’s push to electric mobility.

  • Companies will also launch activities to promote widespread acceptance and use of electric vehicles in India.

  • Aspects of launch also include setting up of charging infrastructure, human resource development including training for after-sales service technicians and systems for appropriate treatment of end-of-life batteries.

  • Batteries, electric motors, and major components for manufacturing electric vehicles will all be procured locally helping ‘Make in India’ initiative in the field of EVs.

  • Suzuki with Japanese partners Toshiba and Denso would invest Rs. 1, 150 crore to set up India’s first lithium ion battery manufacturing facility at Hansalpur in Gujarat.

  • This would leverage India as a base for manufacturing these batteries, which would be mounted on hybrid vehicles and shipped to markets overseas.

- Published/Last Modified on: November 28, 2017

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