Toyota and Suzuki announce joint venture to manufacture electric vehicles in India . Toyota Hyryder will make its debut on July 1st .
Toyota Motor Corporation (Toyota) and Suzuki Motor Corporation (Suzuki) today announced that they are teaming up to make the next step in their innovation and manufacturing of electric vehicles in India.Both companies will now begin production of a new Suzuki SUV model at Toyota Kirloskar Motor Pvt.Ltd. in Bengaluru as part of the joint venture.From August 2022, the TKM will begin.In addition, the two firms intend to export the new model to markets such as Africa.The Toyota Hyryder will make its debut on July 1st.The new SUV will be built on Suzukis Global-C chassis and be powered by the new 1.5 L K-Series engine that powers the new Ertiga and XL6 though the companies haven't disclosed details about the vehicle's design.The engine scheme on the XL6 Ertiga will be similar to the mild hybrid model. The Toyota Hyryder will be followed shortly by a Maruti Suzuki version.AVAILABILITY: AVAILABILITY: This year, a Marutis Creta-rivalling SUV is expected to be introduced on the market.Both companies aim to bring together Toyota's strengths and Suzuki's weaknesses in a single vehicle by combining the mild hybrid developed by Suzuki and Toyota's strong hybrid.According to the tweet, the two firms aim to be able to offer a wide variety of vehicle electrification services to customers and contribute to the acceleration of electric mobility and the construction of a carbon-neutral society in India. We're delighted to announce the introduction of Suzuki's latest SUV, a brand that has a long history of involvement in the Indian market.According to Toyota President Akiyo Toyoda, the automotive industry is facing many challenges today, including electricity and carbon neutrality.We hope to contribute to a carbon dioxide reduction by leveraging the respective strengths of Toyota and Suzuki to provide Indian customers with a variety of choices, he said, and to build a society in which no one is marginalized and where everyone can move freely.Suzuki President Toshihiro Suzuki said that the TKM production of the new SUV will contribute to India's development by providing consumers with environmentally friendly mobility. We sincerely appreciate Toyota's support, but in the same time, we will explore new synergies and business opportunities as a result of ongoing collaboration.