[Source: Autocar India]
Toyota and Suzuki have announced the signing of a memorandum of understanding (MoU) on creating a joint strategy for the introduction of electric vehicles in India by 2020.
The new MoU is based on the earlier February 2017 arrangement to form a partnership for the Indian industry.
The terms of the MoU country that Suzuki will produce EVs for the Indian market and will supply a few to Toyota, while the latter will provide technical support for its electric models.
Both brands also have planned to conduct a comprehensive study for its widespread acceptance and use of EVs in India. This includes concerns regarding the establishment of charging stations, human resources development which includes training for after-service technicians and systems for the appropriate treatment of burnt out batteries.
Suzuki has already announced that it will build a lithium-ion battery plant in Gujarat. The companies will also seem to locally produce and supply all of the components required including the battery pack, electric motors and other essential parts.
By teaming up, both Suzuki and Toyota could be better able to handle the numerous hurdles which will be thrown up as India attempts its highly ambitious target of going all-electric by 2030.