Auto

Toyota & Suzuki to cut costs, make affordable hybrid cars available in India: report

Updated : January 21, 2019 08:33 AM IST

The move will likely make hybrid cars affordable for Indian consumers and also support the government’s efforts to tap the air pollution problem in the country, said the report.

The first hybrid car from this partnership is likely to go on sale in India in three years: report

Japan-based automakers Toyota and Suzuki are looking to cut costs of manufacturing complete hybrid cars by exchanging each other’s expertise and investing jointly to produce these vehicles, Mint reported.

The move will likely make hybrid cars affordable for Indian consumers and also support the government’s efforts to tap the air pollution problem in the country, said the report.

The first hybrid car from this partnership is likely to go on sale in India in three years, Shekar Viswanathan, vice chairman and whole-time director at Toyota Kirloskar Motor, told the newspaper.

“Both Suzuki and Toyota are working towards a reduction in the cost structure and that will be the hallmark of this collaboration. One of the reasons for this collaboration is that no company in this world wants to invest in research and development alone because they are not sure of the outcome,” Viswanathan was quoted as saying in the report.

"With Toyota deciding to share its hybrid vehicle technology with Suzuki, considered a pioneer in low-cost car manufacturing, the development cost per vehicle would reduce substantially," Viswanathan added.

Have you signed up for Primo, our daily newsletter? It has all the stories and data on the market, business, economy and tech that you need to know.

Toyota & Suzuki to cut costs, make affordable hybrid cars available in India: report

You May Also Like

United Breweries posts Q1 net loss of Rs 114.50 crore as COVID-19 hits sales

All villages to be connected with optical fibre in next 1,000 days: PM Modi

Cummins India Q1 PAT down 65% at Rs 53 cr

Trending on CNBC-TV18

recommended for you