Seeing the growth opportunity of Electric Vehicles in India, many Indian automotive companies are exploring new partnerships to introduce EVs in the country. Many of the joint ventures were seen during the Auto Expo 2018.
Suzuki and Toyota have tied up to launch an electric car in India as early as 2020. The alliance is gearing up to unveil a small electric car for the country’s mass segment within the next three years. As per a report, the car will be manufactured at Suzuki’s plant in Gujarat.
To strengthen its presence in the Indian EV market, Suzuki is also planning to set up a lithium-ion battery plant in Gujarat, as part of a joint venture with Denso and Toshiba. As stated by Kenichi Ayukawa, MD and CEO of Maruti Suzuki, the company is currently studying the various factors that can facilitate the adoption of electric vehicles in the country.
Mahindra and Mahindra has entered into a partnership with Ford to develop electric mobility solutions for the Indian consumers.
Reports of the strategic alliance first surfaced in the third week of September when both companies expressed interest in utilising each other’s strengths to develop solutions of the emerging problems in the automotive industry. Later in October 2017, it was reported that the two companies were looking to join hands with Ford Motor to build a new electric sedan.
As part of the association, Mahindra has procured a transportation software for its electric sedan. Through the partnership, Ford has also gained access to the Mumbai-headquartered automotive company’s EV technologies.
Apart from Ford, Mahindra is working with group company South Korea-based, SsangYong Motor, to electrify some of the models of its South Korean Arm. As part of the initiative, Mahindra is looking to sell some of its locally-manufacturer powertrains and EV parts to the South Korean auto firm.
Among the other alliances that are working to bring electric vehicles to India is Renault–Nissan–Mitsubishi, a Franco-Japanese strategic partnership between automobile manufacturers Renault, Nissan and Mitsubishi.
Besides Renault–Nissan–Mitsubishi, Chennai-headquartered commercial vehicles manufacturer Ashok Leyland has also forged a number of partnerships to bolster its electric vehicles business. It entered into a partnership with Israeli company Phinergy, geared towards providing a variety of energy management solutions to customers.
More recently, the company has joined hands to Sun Mobility for its first electric bus, Circuit S. As part of the tie-up, Sun Mobility will be providing swappable smart battery solutions for the electric buses through its kiosks.
These partnerships could not only help distribute the risks involved, but also reduce time to market (TTM), which is essentially the time it takes for a product to go from being to being available commercially.