Suzuki joins Toyota’s electric vehicle project to focus on small electric cars

Suzuki joins Toyota’s electric vehicle project to focus on small electric cars

A few days after the reports came out, the Japanese car Suzuki Motor Corp was likely to enter the Indian electric vehicle market by 2025, when the company was formed in conjunction with Toyota Motor to produce EVs. Suzuki, along with Daihatsu, will join a commercial coalition of electric vehicles led by Toyota to help the Alliance expand its focus from trucks to smaller cars.

Toyota released the statement on Wednesday, confirming some details about the deal. Suzuki and Daihatsu say they will have a 10 percent stake in the joint venture, along with other players like Isuzu Motors. Toyota will keep its 60 percent stake in it.

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Akio Toyoda, president of Toyota Motor, said: “By joining the Suzuki and Daihatsu project and working together, we can expand our Partnership Circle to cover not only commercial vehicles but also mini vehicles. With this expansion, I believe one more step towards a better mobility society. that we will be able to deliver. “

As part of the partnership, Suzuki and Toyota will work on behalf of small cars with advanced safety technologies and work together on the use of high-quality electrification technologies for small cars.

Suzuki, together with Daihatsu, will offer their experience in small cars. One of the key challenges in bringing electricity and autonomous technology to such vehicles is to keep costs under control.

The deal is challenging Japanese automakers to enter the electric vehicle market with rivals, even technology companies.

According to a recently released report from Nikkei Asia, Suzuki Motor will launch its first electric vehicle in India over the next four years. Suzuki’s four-wheeled business, which is partnering with Indian Maruti, is reportedly planning to market a compact electric model to Indian customers. Although not much detail was given in the report, it is likely to be the price between electric cars 10 lakh eta 11 lakh.

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