Toyota, Suzuki take hybrid route in India for local, global markets - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Toyota Motor Corp (7203.T) and Suzuki Motor Corp (7269.T) on Friday said they would begin production of hybrid vehicles in India, a category that Toyota has said is currently best suited to such markets.

A Toyota plant in southern India would in August begin building a hybrid sport utility vehicle developed by Suzuki, the companies said.

Green investors have criticised Toyota, the world’s largest carmaker by sales, for slowness in moving its product line-up to all-electric, battery electric vehicles . Toyota last year committed to spending $60 billion by 2030 to electrify its range of vehicle models, but only half of that is for the development of fully electrics ones.

Suzuki committed in March to investing $1.4 billion in the country to produce BEVs and batteries, but its local unit, Maruti Suzuki , India’s biggest carmaker, has said it will not launch a fully electric vehicle before 2025.

 

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