november 17, 2017 - Suzuki Auto

Toyota and Suzuki Conclude Memorandum on EV Introduction in India

Toyota Motor Corporation (Toyota) and #suzuki Motor Corporation (Suzuki) have concluded a memorandum of understanding (MOU) on moving forward in considering a cooperative structure for introducing electric vehicles (EVs) in the Indian market in around 2020. The agreement stems from the two companies having concluded on February 6 this year a MOU on beginning considerations for business #partnership, after which they began discussing, among other topics, the dissemination of vehicle electrification technologies in #india.

Specifically, #suzuki is to produce EVs for the Indian market and will supply some to #toyota, while #toyota is to provide technical support. Additionally, #toyota and #suzuki intend to conduct a comprehensive study of activities for the widespread acceptance and popular use of EVs in #india. Such activities encompass the establishment of charging stations, human resources development that includes training for after-service technicians employed throughout sales networks, and systems for the appropriate treatment of end-of-life batteries.

Under the leadership of Indian Prime Minister Narendra Modi, #india is endeavoring to rapidly promote an #automotive transition to EVs. #suzuki has already announced that it intends to construct a lithium-ion battery plant on the grounds of its recently opened automobile plant in the Indian state of Gujarat. As envisioned by the agreement, in addition to lithium-ion batteries, electric motors and other major components would be locally procured for the production of EVs in #india, helping the Indian government fulfill its "Make in India" initiative, even in the field of EVs.

 

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