Toyota and Suzuki Bringing Electric Vehicles to India in 2020

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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.

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 ₹ 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.

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