Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 17 November 2017, 16:36 HKT/SGT
Share:
    

Source: Toyota Motor Corporation
Toyota and Suzuki Conclude Memorandum on EV Introduction in India

Toyota City, Japan, Nov 17, 2017 - (JCN Newswire) - Toyota Motor Corporation and Suzuki Motor Corporation have concluded a memorandum of understanding (MOU) on moving forward in considering a cooperative structure for introducing electric vehicles (EVs) in the Indian market in around 2020. The agreement stems from the two companies having concluded on February 6 this year a MOU on beginning considerations for business partnership, after which they began discussing, among other topics, the dissemination of vehicle electrification technologies in India.

Specifically, Suzuki is to produce EVs for the Indian market and will supply some to Toyota, while Toyota is to 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.

Under the leadership of Indian Prime Minister Narendra Modi, India is endeavoring to rapidly promote an automotive transition to EVs. Suzuki has already announced that it intends to construct 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, helping the Indian government fulfill its "Make in India" initiative, even in the field of EVs.


Contact:
Public Affairs Division
Global Communications Department
Toyota Motor Corporation
Tel: +81-3-3817-9926


Topic: Press release summary
Source: Toyota Motor Corporation

Sectors: Automotive
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Toyota Motor Corporation Links

http://www.toyota-global.com

https://plus.google.com/+toyotaglobal

https://www.facebook.com/ToyotaMotorCorporation/

https://twitter.com/TOYOTA_PR/

https://www.youtube.com/user/toyotajpchannel/

https://linkedin.com/company/toyota

Toyota Motor Corporation
May 27, 2025 13:31 HKT/SGT
Construction Begins on New Toyota Tokyo Head Office in Shinagawa, to Open in FY2030
May 23, 2025 09:51 HKT/SGT
Five Toyota Group Companies to Accelerate Skill Development and Innovation in AI and Software
May 21, 2025 13:09 HKT/SGT
New RAV4 Makes World Premiere in Japan
May 16, 2025 15:35 HKT/SGT
Premiere of New bZ Woodland BEV Focused on Driving Performance and Spaciousness in North America
May 12, 2025 14:45 HKT/SGT
TOYOTA GAZOO Racing fights back for double points finish
May 2, 2025 18:29 HKT/SGT
TOYOTA GAZOO Racing Set for Spa spectacle
May 1, 2025 16:48 HKT/SGT
Toyota Mobility Foundation, Bangkok Metropolitan Administration, UN-Habitat, Asian Institute of Technology and Toyota Motor Thailand Sign a Letter of Intent (LOI) to Launch the TRUST Project for Road Safety in Thailand
Apr 11, 2025 13:03 HKT/SGT
Collaboration to Make Engine-Equipped Vehicles Carbon Neutral Using Synthetic Fuel
Apr 11, 2025 12:35 HKT/SGT
TGR to Launch Evolved GR Yaris
Mar 26, 2025 14:25 HKT/SGT
TGR Launches Partially Upgraded Supra RZ Grade and Special-edition Supra "A90 Final Edition" in Japan
More news >>
 News Alerts
Copyright © 2025 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: