These Alliances Could Accelerate the Adoption of EVs, believes Maruti Suzuki MD Kenichi Ayukawa
Toyota – Suzuki: Targeting Indian Market by 2020.
Toyota hit 1.52 million annual sales of electrified powertrains globally in 2017, three years ahead of its set target of 2020 and also plans to get its portfolio to have 80% electric powertrains.
Suzuki has interests to learn Toyota’s production system from the partnership and is working to put up Lithium – Ion Battery plant in Gujarat in collaboration with Denso and Toshiba.
Mahindra – Ford: Joining hands to develop affordable Electric Mobility Solutions.
Both parties are interested in each other technological developments, Mahindra being involved in Formula E has been doing remarkable R&D and plans to leverage Ford’s Global reach for the Indian Market.
During a media interaction at the Auto Expo, Mahindra and Mahindra MD Pawan Goenka said, “No one is quite sure as to how quickly electric vehicles will grow. It is not a matter of innovating on the technology front, but ensuring that companies are justifying the investments made. Sharing an investment is something that needs to be done; everyone is hedging bets in order to have lower investments now and share future gains.”
Besides Renault–Nissan–Mitsubishi, Chennai-headquartered commercial vehicles manufacturer Ashok Leyland has also formed a number of partnerships to bolster its electric vehicles business by entering into a partnership with Israeli company Phinergy, geared towards providing a variety of energy management solutions to customers.