The companies have also signed a memorandum of understanding for developing EVs collaboratively.
With the Indian government pushing for electric technology under its Mission EV by 2030, India’s top player, is now eyeing pole position in India’s EV market.
India is gearing up to go all electric and auto giants have already started working towards achieving the 2030 deadline. Suzuki, a prominent player in the Indian market is planning to roll out electric vehicles in the domestic market in collaboration with its global partner, Toyota. The companies have also signed a memorandum of understanding for developing EVs collaboratively. Read – All Toyota Cars to Get Hybrid Versions in India
According to the MOU, Suzuki will produce EVs for the Indian market, that said most of the EVs will carry Maruti Suzuki badge, whereas some will be supplied to Toyota. These electric vehicles will be developed using technical assistance from Suzuki’s global partner, Toyota. For developing EVs for India, Suzuki and Toyota plan to study the market first to analyse acceptance and use of EVs in the domestic market. Check Out – Top 9 Upcoming Electric Cars In India
The companies will also study the possibility of establishing charging stations, imparting training to technicians for handling after sales services across sales networks and systems requisite for treating the end-of-life batteries.
As per Suzuki’s claims, it plans to build a facility for manufacturing lithium-ion batteriesat Hansalpur in Gujarat that will be the mother plant for producing these batteries for use in hybrid vehicles for overseas markets. While the electric motors and other vital components would be obtained locally for the electric vehicles.
Currently, the Indo-Japanese maker, Maruti Suzuki is a lead player in India in terms of sales. With the Indian government pushing for electric technology under its Mission EV by 2030, India’s top player, is now eyeing pole position in India’s EV market.