Toyota and Suzuki Conclude Memorandum on EV Introduction in India

Toyota Motor Corporation (Toyota) and Suzuki Motor Corporation (Suzuki) have concluded a memorandum of understanding (MOU) on moving forward in considering a cooperative structure for introducing electric vehicles (EVs) in the Indian market in around 2020. The agreement stems from the two companies having concluded on February 6 this year an MOU on beginning considerations for business partnership, after which they began discussing, among other topics, the dissemination of vehicle electrification technologies in India.