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December 18, Monday 2017 12:47 AM       

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       AUTOMOBILE Next Article: Electric vehicles way ahead for Smog-choked Delhi  
       Toyota, Suzuki finalise pact to launch EVs in India by 2020
 
         Posted on :17:32:21 Nov 17, 2017
   
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       Last edited on:17:32:21 Nov 17, 2017
         Tags: Toyota, Suzuki finalise pact to launch EVs in
 

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 February this year, the 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.

Suzuki has already announced that it intends to construct a lithium-ion battery plant along with its partners in Gujarat, where it currently operates a manufacturing plant
supplying automobiles exclusively to its Indian arm Maruti Suzuki. As per the agreement, in addition to lithium-ion batteries, electric motors and other major components would be locally procured for production of EVs in India.

The announcement by the two companies comes at a time when the Indian government is pushing for electric vehicles, setting a target of an all-electric fleet by 2030.

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       AUTOMOBILE
Next Article: Electric vehicles way ahead for Smog-choked Delhi
 
 
AUTOMOBILE HEADLINES
Tata Motors to hike passenger  
Tata Motors to hike passenger vehicle prices by up to Rs. 25k  
Panasonic develops two-passenger automatic driving vehicle  
World's Fastest Cat goes head to head with Super Fast Car: Who won?  
Toyota, Suzuki finalise pact to launch EVs in India by 2020  
Electric vehicles way ahead for Smog-choked Delhi  
Piaggio to roll out new electric scooter 'Vespa Elettrica' in 2018  
Suzuki unveils new range with enhanced safety measures  
Yamaha unveils 'Motobot' motorcycle-riding robot  
Lutyens Motorrad launched as BMW Motorrad Partner in Delhi  
Hyundai rolls out Tucson with 4WD system at Rs 25.19 lakh  
Mercedes retains top slot in luxury segment in India  
Skoda unveils new SUV Kodiaq  
Mercedes launches Edition C priced at Rs 42.54 lakh  
Tata Motors launches compact SUV Nexon at Rs 5.87 lakh  
Renault unveils premium SUV Captur; launch likely before Diwali  
Datsun India launches redi-GO GOLD 1.0L at Rs. 3.69 lakh  
Jeep Compass bookings touch 10,000 mark  
Chinese passenger car now being manufactured in Pak  
Datsun India launches more powerful redi-GO 1.0L  
Ducati launches the all new Scrambler Desert Sled in India  
Hero MotoCorp phases out select models, variants  
Maruti overtakes Infosys, ONGC in market capitalisation  
GM to stop selling cars in India by 2017 end  
India eyes all-electric car fleet by 2030  
 
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