Toyota, Suzuki finalise partnership for EVs

Source: The Hitavada      Date: 18 Nov 2017 11:11:03


NEW DELHI,

Nov 17,

(PTI),

JAPANESE auto majors Toyota Motor Corporation and Suzuki Motor Corporation said on Friday that they will co-operate on introducing electric vehicles (EVs) in India by 2020. The two companies said in a joint statement that they have concluded a memorandum of understanding (MoU) to take forward a co-operative structure under which Suzuki will produce EVs for the Indian market and will supply some of them to Toyota, which will provide technical support.

Besides, the statement said, they intend to conduct a comprehensive study of activities for 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,” it said.

In Feb this year, two companies had announced exploration of a business partnership after which they began discussing, among other topics, the dissemination of vehicle electrification technologies in India.