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

Days after reports emerged that Japanese carmaker Suzuki Motor Corp is likely to enter the electric vehicle market in India by 2025, the company has entered a joint venture with Toyota Motor to produce EVs. Suzuki, along with Daihatsu, will join the commercial electric vehicle coalition led by Toyota to help the alliance expand its focus from trucks to smaller cars.

Suzuki has joined Toyota’s electric vehicle venture, to focus on small electric cars.
Suzuki has joined Toyota’s electric vehicle venture, to focus on small electric cars.

Toyota released a statement on Wednesday, confirming some of the details about this agreement. It says that both Suzuki and Daihatsu will own 10 per cent stake in the joint venture, along with other stakeholders like Isuzu Motors. Toyota will keep the majority 60 per cent stake to itself.

Akio Toyoda, President of Toyota Motor, said, "With Suzuki and Daihatsu joining the project and working together, we'll be able to expand our circle of cooperation to not only cover commercial vehicles but also mini vehicles. With this expansion, I believe that we'll be able to take one step closer to a better mobility society."

Also check these Cars

Find more Cars
Toyota Glanza (HT Auto photo)
₹ 7.18 - 9.45 Lakhs* *Ex-showroom price
Add to compare
Check latest offers
Toyota Belta (HT Auto photo)
UPCOMING
₹ 10 Lakhs *Expected Price
View Details
Toyota Camry (HT Auto photo)
₹ 39.41 - 41.20 Lakhs* *Ex-showroom price
Add to compare
Check latest offers
Toyota Fortuner (HT Auto photo)
₹ 33.43 - 51.44 Lakhs* *Ex-showroom price
Add to compare
Check latest offers
Toyota Vellfire (HT Auto photo)
₹ 1.20 - 1.30 Cr* *Ex-showroom price
Add to compare
Check latest offers
Toyota Supra (HT Auto photo)
UPCOMING
₹ 85 - 95 Lakhs* *Expected Price
View Details

As part of the collaboration, Suzuki and Toyota will work towards small cars with advanced safety technologies and cooperate in use of technologies for the electrification for affordable, high-quality small cars.

Suzuki, along with Daihatsu, will offer their expertise in small cars as one of the key challenges of bringing electrification and autonomous technology to such vehicles is keeping costs under control to make them affordable.

The agreement comes at a time when Japanese carmakers are facing tough challenges from rivals, even tech companies, who are venturing into the electric vehicle market.

According to a report recently published in Nikkei Asia, Suzuki Motor will launch its first electric vehicle in India within the next four years. Suzuki's four-wheeler business, which operates in India in partnership with Maruti, is reportedly planning to launch an all-electric compact model for the Indian customers. Though not much detail has been divulged in the report, the electric car is likely to be priced in the range between 10 lakh and 11 lakh.

First Published Date: 21 Jul 2021, 15:05 PM IST
NEXT ARTICLE BEGINS
Shopping Bag Shop Now
74% OFF
Microfiber Car Cleaning Soft Brush Ideal as Mop Duster, Washing Brush with Long Handle, Dust Cleaner Car Wash Brush with Handle, Soft Brush Scratch Free, Cleaning Dashboard Curved Design - Grey
Rs. 389 Rs. 1,499
1% OFF
GOODAIR Clear Car Windshield Enhancer | Classic |12 Tablets
Rs. 295 Rs. 299
51% OFF
AGARO Galaxy Cordless Tyre Inflator, Portable Air Compressor, Flash Light, Power Bank, Multipurpose Use, Rechargeable, Up to 150 PSI Air Pump for Car, Bike, Foot Balls, Inflatables, Black & Red
Rs. 2,199 Rs. 4,499
55% OFF
Antson Portable High Power 2 in 1 Car Vacuum Cleaner | USB Rechargeable Wireless Handheld Car Vacuum Cleaner Traveling, Camping Reusable and Sustainable, Portable,Rechargeable Vacuum (2 in 1)
Rs. 899 Rs. 1,999

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
Powered by: Acko Logo
Please be noted that any information provided herein above will be received by Acko General Insurance Limited (“Acko”). By mentioning the above information, you agree to provide these details and information to Acko.
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.