Toyota and Suzuki to develop electric vehicles in India by 2020
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Oct 27, 2024
Oct 27, 2024
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Japanese auto giants Toyota and Suzuki have signed a memorandum of understanding to introduce electric vehicles in India by 2020 in which Toyota would provide technical support and Suzuki would produce the electric vehicles, as the latter holds a major share in the automotive segment in India. This would include setting up a complete ecosystem of charging stations and support staff members.
Toyota & Suzuki enter into an MoU
Electric vehicles are desperately needed in this age to curb carbon dioxide emissions and to kickstart a new trend in transport. At the same juncture, India even ratified the Paris agreement to narrow down its share of global emissions and these kinds of pacts help in proving its credibility to reduce its CO2 emissions in the near future. Indian government has even reduced the tax on electric vehicles from 29% to 12% giving an impetus to manufacturers to produce electric vehicles domestically.
Image credit: Earth times
India's ambitious smart cities project also aims to clamp down pollution by putting these vehicles on the roads. Recently, the Andhra Pradesh government has signed an MoU with Toyota Kirloskar to launch its Prius PHEV and Small EV commuter vehicles for official purposes and even a deal with the Energy Efficiency Services Limited has been made to provide 1500 electric vehicles creating an impetus in the state to adopt more electric vehicles. This development helps in creating an end-to-end ecosystem which is essential for an emerging technology and even helps to remove the public skepticism on adopting electric vehicles.
As India counts high on electric vehicles, the global scene seems to be much more agile and committed in taking the pace. China has set an ambitious target to have electric vehicles on its roads by 2019 and even gave a mandate to electric vehicle manufacturers to reach their expectations or face huge fines.
Source: <a href="https://www.business-standard.com/article/companies/suzuki-to-make-electric-cars-for-india-toyota-to-provide-tech-support-117111700540_1.html" target="_blank" rel="nofollow noopener noreferrer">www.business-standard.com</a>
Toyota & Suzuki enter into an MoU
Electric vehicles are desperately needed in this age to curb carbon dioxide emissions and to kickstart a new trend in transport. At the same juncture, India even ratified the Paris agreement to narrow down its share of global emissions and these kinds of pacts help in proving its credibility to reduce its CO2 emissions in the near future. Indian government has even reduced the tax on electric vehicles from 29% to 12% giving an impetus to manufacturers to produce electric vehicles domestically.
Image credit: Earth times
India's ambitious smart cities project also aims to clamp down pollution by putting these vehicles on the roads. Recently, the Andhra Pradesh government has signed an MoU with Toyota Kirloskar to launch its Prius PHEV and Small EV commuter vehicles for official purposes and even a deal with the Energy Efficiency Services Limited has been made to provide 1500 electric vehicles creating an impetus in the state to adopt more electric vehicles. This development helps in creating an end-to-end ecosystem which is essential for an emerging technology and even helps to remove the public skepticism on adopting electric vehicles.
As India counts high on electric vehicles, the global scene seems to be much more agile and committed in taking the pace. China has set an ambitious target to have electric vehicles on its roads by 2019 and even gave a mandate to electric vehicle manufacturers to reach their expectations or face huge fines.
Source: <a href="https://www.business-standard.com/article/companies/suzuki-to-make-electric-cars-for-india-toyota-to-provide-tech-support-117111700540_1.html" target="_blank" rel="nofollow noopener noreferrer">www.business-standard.com</a>