[Source: Autocar India]
Toyota and Suzuki have announced the signing of a memorandum of understanding (MoU) about creating a joint strategy for the introduction of electric vehicles in India by 2020.
The new MoU is based on the earlier February 2017 agreement to form a partnership to the Indian market.
The terms of the MoU state that Suzuki will create EVs to the Indian market and will supply some to Toyota, while the latter will provide technical assistance for its electric models.
Both brands also have intended to conduct a comprehensive study for the widespread acceptance and use of EVs in India. This includes concerns about the establishment of charging stations, human resources development that includes training for after-service technicians and systems for the appropriate treatment of burnt out batteries.
The Indian government has strategies to rapidly promote a transition from internal combustion engines to battery-powered ones. Suzuki has already declared that it will build a lithium-ion battery plant in Gujarat. The companies will also look to locally produce and source all the components required including the battery package, electric motors and other essential pieces.
Earlier this month, Suzuki CEO, Toshihiro Suzuki, had said that the Indian government’s push towards electrification of vehicles had the potential to capture them unprepared. By teaming up, both Suzuki and Toyota could be better able to handle the numerous hurdles which will be thrown up as India tries its highly ambitious target of going all-electric by 2030.