Both Japanese auto giants on Wednesday announced a plan to produce Suzuki eVX-based SUVs, which will be sold under the Toyota brand across the globe.
This electric SUV, bearing Toyota's logo, will go into production at the Suzuki Motor Group (SMG) facility in Hansalpur, Gujarat, beginning in the spring of 2025, marking the first EV launch for both companies in India.
The statement released by the auto giants said that they are further strengthening their collaboration "in the supply of battery EV sport utility vehicles (SUVs) developed by Suzuki for Toyota". Toyota Kirloskar Motor (TKM) is the Indian subsidiary of Toyota Motor Corporation (TMC), while Maruti Suzuki India (MSIL) is the Indian subsidiary of Suzuki Motor Corporation (SMC).
This story is from the October 31, 2024 edition of Business Standard.
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This story is from the October 31, 2024 edition of Business Standard.
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