Suzuki Motor Corporation, the parent company of Maruti Suzuki, will become one of four partners of Toyota to help develop a new range of electric vehicles based on a new concept it showcased at the Shanghai Auto Show.
This could pave the way for Toyota and Suzuki to launch the new generation electric vehicles (EV) to the Indian market. Toyota, which unveiled the concept bZ (beyond Zero) on April 19, is yet to announced its India plans.
Both the Japanese companies have lagged behind in the EV segment in India even as their rivals like Tata Motors, Hyundai, MG Motor, and even Mahindra & Mahindra that has struggled of late, have raced ahead. While Maruti Suzuki and Toyota are yet to launch their first EV in India, Tata Motors has grabbed the pole position in the EV segment with a share of more than 50 percent.
As per Toyota’s latest announcements, the company is aiming to have 70 electrified models by 2025. These will be hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), battery electric vehicles (BEVs), and fuel cell electric vehicles (FCEVs).
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