In 2017, February both the companies have chose to work together while on yesterday, the agreement has been signed to make the work in progress.
Post this, they began discussing, among other topics, the dissemination of vehicle electrification technologies in India, the carmakers added. The MoU states that Suzuki will manufacture electric vehicles and Toyota will provide technical support. In this auto, the petrol motor is used exclusively charge the vehicle's batteries, thus removing the anxiety of the passenger to search for a charging station. "Additionally, Toyota and Suzuki intend to conduct a comprehensive study of activities for the widespread acceptance and popular use of EVs in India", Suzuki Global said in a statement.
Only a day after we reported that VW, together with its Chinese partners, will invest some $12 million in its electric range for the Chinese market, Toyota has become the latest vehicle maker to reveal electric plans for the country.
The activities "encompass the establishment of charging stations, human resources development that includes training for after-service technicians employed throughout [the] sales networks and systems for the appropriate treatment of end-of-life batteries." the companies said. Likewise, trying to venture out assembling electric vehicles in India, Suzuki Motor Corp in a joint wander with Toshiba Corporation and Denso declared its intends to set up a plant in Gujarat to make lithium-ion battery - the most critical and costly part of an electric vehicle.
The decision towards electric mobility from the automobile giant comes at a time when the government has been aggressively pushing the idea of complete electrification of vehicles by 2030. "Suzuki, in turn, is expected to gain from Toyota's innovations in automated driving, artificial intelligence and low-emission vehicles", Reuters reports.
"Toyota-Suzuki joint venture can be clear win-win position for both manufacturers".