GREATER NOIDA, India — Suzuki Motor plans to study from its associate Toyota find out how to use EV expertise to make small electrical vehicles, Toshihiro Suzuki, president of Suzuki Motor, advised reporters at India’s biennial auto present.
Suzuki mentioned it discovered EV and different applied sciences from Toyota to develop vehicles which might be extra suitable with its personal merchandise.
“So how we introduce this EV expertise in small vehicles is one thing we have to work on and share with Toyota,” he mentioned on the sidelines of the auto present.
After a gradual begin to electrical autos, Toyota, which owns a 4.89 % stake in Suzuki, is contemplating relaunching its electrical automobile technique given the rise in reputation of EVs.
Toyota is at present solely presents the bZ4X crossover, a fully electric vehiclenevertheless plans to launch five additional EVs Underneath the bZ sub-brand in Europe till 2026.
The Japanese auto big’s planning had beforehand assumed that demand for EVs wouldn’t proceed for a number of a long time, and it favored hybrid expertise.
When requested if SMC would take into account launching EVs constructed on petrol engine platforms, Suzuki mentioned the corporate ought to develop an EV from the bottom up.
India’s EV market has gained momentum. Along with Tata, which dominates the gross sales of electrical vehicles within the nation, the launches of overseas gamers SAIC MG Motor, Mercedes Benz and Stellantis lined up.
With deliberate investments of as much as $1.3 billion to make EVs and batteries regionally, Suzuki is heading in the direction of India, which is poised to change into an EV hub for the Japanese automaker.
Suzuki is almost all proprietor of Maruti, which is dealing with growing competitors from its rivals as consumers shift to bigger vehicles reminiscent of SUVs and regulators enhance prices by demanding safer and greener vehicles. This pushed its market share from 50 % to lower than 43 % in 2019.
“One of many causes we have been unable to keep up 50 % market share… was the delay within the launch of SUVs,” mentioned Toshihiro Suzuki, President of Suzuki Motors, including that the corporate is attempting to regain market share by launching extra SUVs.
“We see long-term development potential within the small automobile section. We have to attempt for deeper penetration in India and additional develop gross sales of compact and small vehicles in India,” he mentioned, including that Suzuki will work with Maruti to regain market share. he added.
Maruti dominates automobile gross sales in India with its small, low-cost autos, making the South Asian nation probably the most necessary markets for the Japanese firm.
Suzuki mentioned on the occasion held on the outskirts of the capital, New Delhi, that India contributed 50 to 60 % in revenues to SMC, and this proportion will enhance sooner or later.