With the Indian Road Ministry emphasizing to introduce electric vehicles in the country by 2020, the two big manufacturers – Suzuki Motor Corporation and Toyota Motor Corporation have come together to take things further. Both the companies have signed a memorandum of understanding for making electric vehicles (EVs) in the domestic market by 2020. Both the companies also collaborated for making greener and safer cars which was signed earlier this year in February. See More: New Generation Maruti Ertiga Continues Testing; India Debut Likely at 2018 Auto ExpoAlso Read - Electric Vehicle Market In India To Get A New Player Soon, FedEx Arm Starts Trials In Bangalore

As per the MOU details, Suzuki Motor Corporation will be focusing more on producing EVs in the domestic market whereas Toyota Motor Corporation will ensure all the technical stuffs required for the same. Moreover, both the companies will also carry out extensive research which will encompass development of infrastructure and human resource training which includes developing charging stations, training to technicians and disposal of batteries. Also Read - Telangana Minister KTR Extends Helping Hand To Elon Musk, Invites Tesla To Invest In State

The Japanese car maker, previously, also announced that Suzuki will develop lithium-ion battery plant in Gujarat. Going by the agreement signed between the two auto giants, electric motors as well as other components will also be manufactured in India in addition to lithium ion batteries as per the part of Make in India initiative. See More: Toyota to bring forth fast charging, long range electric cars by 2022: Report Also Read - Ola Electric Scooter Buyers Alert! Company To Open Final Payment Window On January 21

As a reminder, the government is working on introducing a policy for promoting the manufacturing of electric vehicles in India wherein the govt has urged the auto makers to initiate developing of EVs in the country. The government is also studying global markets in order to come up with a policy for electric mobility and storage. With its commitment in reducing greenhouse gas emissions under the global agreement, the National Democratic Alliance (NDA) government has taken a huge step wherein the body wants only EVs to ply on Indian roads by the year 2030 which will also reduce spending on oil imports.