Toyota, Suzuki sign pact to roll out electric cars in India

Japanese carmakers Toyota Motor Corp. and Suzuki Motor Corp. signed an in-principle agreement to consider a joint structure for the introduction of electric cars in India in 2020.

The agreement is the result of one signed on 6th February by the two Japanese auto makers to begin cementing a business partnership in developing environment-friendly vehicles, automobile safety and mutual supply of products and components.

Under the agreement, Suzuki will manufacture electric cars for India and supply some units to Toyota with technical support from the latter, said a statement by Suzuki, the parent of India’s largest carmaker Maruti Suzuki India Ltd.

In addition, both companies plan to incentivize the acceptance of electric vehicles in India by conducting studies on car charging stations, training of technicians, and systems for the disposal of electric car batteries.

The agreement comes as the Indian government pushes vehicle manufacturers to switch from diesel and petrol engines to environment-friendly alternatives.

The government has set a 2030 deadline for India to move to an all-electric fleet of passenger vehicles.

(Agencies)

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