Toyota is sharing its expertise in manufacturing electric vehicles with Maruti Suzuki.
On the other hand, Toyota plans to benefit by launching Maruti Suzuki sourced CNG variants.
Knowledge sharing for business purposes is not new to the automobile world. Maruti Suzuki and Toyota will benefit mutually by sharing their individual expertise. Toyota enriches Maruti Suzuki’s knowledge by sharing technological details of electric vehicles. Maruti Suzuki offers its local manufacturing prowess for Toyota to rebadge its popular cars.
Toyota Motor Corporation Executive Vice-President, Shigeki Terashi has stated that the company plans to explore the Indian auto market for its battery-operated electric vehicles (BEV).
Maruti Suzuki and Toyota are in the early stages of developing an electric vehicle. Maruti Suzuki is planning to launch its first EV, the JDM-spec Wagon R next year at around Rs 12 lakhs. It is unknown whether the hatchback will be supplied to Toyota.
Recent reports on the internet suggest that Maruti Suzuki and Toyota are sharing technical knowhow about CNG vehicles. Maruti Suzuki is in line to introduce CNG vehicles before switching over to electric cars. As diesel vehicles are on the decline, Toyota is exploring possibilities of introducing CNG cars in India.
Toyota has a proven history of marketing CNG vehicles in international markets. Since Maruti Suzuki is the undisputed leader in India, Toyota plans to launch Maruti Suzuki sourced CNG vehicles in India.
Maruti Suzuki is converting some of its smaller cars to meet the demand for CNG vehicles in India. Maruti Suzuki’s Chairman, R C Bhargava informed Times of India that Maruti is opening nearly 10,000 CNG distribution centers, as customers are agreeable to accepting alternative sources of energy.
Source - ET Auto