Toyota and Suzuki have jointly signed a memorandum of understanding (MoU) on creating a joint strategy for introducing electric vehicles in India by 2020. The new MoU is based on the earlier February 2017 agreement to form a partnership for the Indian market.
The terms of the MoU include that Suzuki will produce EVs for the Indian market and will supply some to Toyota, while the latter will provide technical support for the electric models. Both brands have also planned to conduct a survey 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 earlier had announced plans to promote a transition from internal combustion engines to battery-powered ones. Suzuki has already announced that it will build a lithium-ion battery plant in Gujarat. The companies will also plan to locally produce and get all the components required including the battery pack, electric motors and other essential parts.
Suzuki CEO, Toshihiro Suzuki had earlier said that the Indian government’s push towards electrification of vehicles had the potential to catch them unprepared. By teaming up, both Suzuki and Toyota could be better prepared to handle the many hurdles that will be thrown up as India attempts its highly ambitious target of going all electric in the next 12 years.