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The automotive landscape is witnessing a rapid shift towards electric vehicles, and major manufacturers are strategically aligning themselves to capitalize on this burgeoning market. In a significant move, Suzuki, the Japanese automotive giant controlling India's largest carmaker Maruti, has announced its partnership with compatriot Toyota to supply India-made electric vehicles (EVs) for global distribution. This collaboration extends beyond their existing arrangement of sharing petrol-powered vehicles, marking a new era of joint ventures in the EV domain.
The two companies, already known for cross-badging certain models in India, are now expanding their partnership to encompass EVs, enabling them to achieve economies of scale and tap into a wider market. The first fruit of this partnership will be a battery electric vehicle (BEV) SUV model developed by Suzuki and manufactured at Suzuki Motor Gujarat in India, commencing production in spring 2025. This marks a pivotal moment for the companies as it represents the first BEV collaboration within their OEM relationship. The model, initially showcased as a concept version called eVX at a previous auto expo, will likely make its official debut at the Bharat Mobility expo in early 2025. The concept model boasted a battery capacity of 60kWh, enabling a single-charge range of 550 km.
The joint venture between Suzuki and Toyota, facilitated by the inclusion of Daihatsu Motor Corporation (a subsidiary of Toyota), underscores the commitment to leveraging each company's expertise for a robust EV platform. The BEV SUV, designed exclusively as an electric vehicle, will be characterized by nimble handling, ample cruising range, and a comfortable cabin. Furthermore, the availability of a 4WD system will enhance its drivability on challenging terrains. This collaboration highlights the shared vision of Suzuki and Toyota to contribute to a carbon-neutral society. Both companies acknowledge the importance of a multi-pathway approach to address environmental concerns, and their joint ventures in the EV sector are a testament to their commitment to sustainability.
The announcement has garnered significant attention in the automotive industry. Toshihiro Suzuki, President of Suzuki, expressed his gratitude for the deepening collaboration, emphasizing the importance of continued competition while working together to solve social issues. Koji Sato, President of Toyota, echoed these sentiments, highlighting the role of joint efforts in delivering diverse EV options to global customers. The collaboration between Suzuki and Toyota, with the inclusion of Daihatsu Motor Corporation, marks a significant step forward in the development and distribution of electric vehicles. This alliance not only holds promise for economic growth and market expansion but also underscores the shared commitment to a sustainable future. The global launch of the jointly-developed BEV SUV in 2025 is expected to be a pivotal moment in the transition to a cleaner and more environmentally responsible transportation sector.
Source: Suzuki to supply India-made electric to compatriot Toyota for global markets