Earlier this year, Toyota and Suzuki had confirmed a business partnership where both companies will work towards the development of “environmental technologies”. Today the duo have concluded a memorandum of understanding (MOU) on moving forward in considering a cooperative structure for introducing electric vehicles in the Indian market by around 2020.
Specifically, Suzuki is to produce EVs for the Indian market and will supply some to Toyota, while Toyota will provide technical support. Additionally, Toyota and Suzuki intend to conduct a comprehensive study of activities for the widespread acceptance and popular use of EVs in India. 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.
Suzuki has already announced the construction of a lithium-ion battery plant on the grounds of its recently opened automobile plant in the Indian state of Gujarat. As envisioned by the agreement, in addition to lithium-ion batteries, electric motors and other major components would be locally procured for the production of EVs in India.