New Delhi, Nov 17 (PTI) Japanese auto majors Toyota Motor Corporation and Suzuki Motor Corporation said today that they will co-operate on introducing electric vehicles (EVs) in India by 2020.Also Read - Gujarat's First Omicron Infected Patient's Relatives Test Covid Positive
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. Also Read - India Reports 2 More Omicron Cases, Centre Urges States to Take Steps to Control COVID Spread | Key Points
Besides, the statement said, they intend to conduct a comprehensive study of activities for widespread acceptance and popular use of EVs in India. Also Read - Gujarati Man Crafts Wedding Card Box For His Son That Weighs 4 Kg, Guess Its Price!
“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.
This is published unedited from the PTI feed.