Japanese automobile majors Toyota and Suzuki have decided to work together for the introduction of Electric Vehicles (EVs) in India by 2020.
Suzuki— which enjoys a 50 per cent share of the domestic passenger vehicle (cars, vans and utility vehicles) market through subsidiary Maruti — has decided to produce EV's in response to a clear government mandate seeking a shift to green mobility. Interestingly, the EV segment in India, the fifth-largest car market, is the first area where the two companies have decided to work together after the global agreement in February.
The two Japanese companies, which signed a deal early this February for a business partnership, have concluded another tie-up on moving forward in considering a cooperative structure for introducing EV's in the Indian market. Besides producing cars, the companies would work on developing an ecosystem related to EV's through investments in charging facilities and service network.
“The two companies together will bring the technology and Suzuki will set up manufacturing facilities through Maruti,” R C Bhargava, chairman at Maruti Suzuki, told
Suzuki would produce EV's and supply some vehicles to Toyota, which would chip in with its technical support.
Toyota and Suzuki and also plan to conduct a comprehensive study of activities for the widespread acceptance of EV's in India. Such activities encompass the establishment of charging stations, human resources development — training for after-service technicians employed throughout sales networks — and systems for the appropriate treatment of end-of-life batteries, Suzuki said in a statement
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