By CNBCTV18.com Dec 17, 2021 5:45:47 PM IST (Published)
While so far, both Toyota and Suzuki had largely shunned the EV space, they now seem reconciled to the need of the hour, even as the climate clock ticks. So now Indians can expect an affordable EV from this alliance by late 2024-early 2025.
Anticipating an aggressive push for electric vehicles by the government, the Indian arms of Toyota Motor Corporation and Suzuki Motor Corporation are working on a pure-born electric car platform.
A series of models powered by alternative powertrain technologies will be launched over the next five years, Business Standard reported, quoting people aware of the project. The Indian subsidiaries are co-developing one such model.
Leading the project, Maruti Suzuki India is expected to deliver an affordable EV by late 2024 or early 2025, one source told the media outlet. The company has sought quotations from its suppliers a fortnight ago.