Toyota and Suzuki have reportedly firmed up a MoU (Memorandum of Understanding) for collaborating on the manufacturing of electric vehicles in India. This MoU comes at a time when the Indian Government is emphasizing hugely on electric mobility in a bid to counter rising pollution levels. This also encompasses the viability of electric vehicles in the Indian market and a study of the market situation here.
As per reports, the electric vehicles for India will be produced by Suzuki, some of which will also be supplied to Toyota. Toyota will be offering technical support for this venture. Toyota has already been a forerunner when it comes to alternative fuel technologies and hybrids and is one of the few global automakers retailing hydrogen fuel-cell vehicles.
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Suzuki already has a sizeable manufacturing base in India along with a comprehensive sales and after-sales network. The MoU seeks to play to the strengths of both the automobile giants and may lead to several electric cars being introduced in India.
Both the companies will also be conducting extensive studies with regard to promoting electric vehicles and helping them attain mainstream popularity. They will also look into human resource development including aftersales network creation, technician training for servicing this brand new technology, end-of-life battery treatment systems and so on. They will also be looking into the setting up of adequate charging stations for electric vehicles.
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Suzuki has also announced that a lithium-ion battery plant will be built at Gujarat for backing the scale-up of electric mobility in India. The company has also declared that along with batteries, other parts like motors will be procured locally in order to keep overall localization levels high.