Suzuki President's words hold much importance in the context of India, as automakers in the domestic market have been reeling under the worst slowdown in two decades. Suzuki owns 56.2% in the country’s largest car maker Maruti Suzuki.
Toyota-Suzuki had finalised an agreement to manufacture and sell electric vehicles in India by the turn of the decade in November 2017. The companies subsequently expanded their collaboration to cross-badging vehicles for India and other markets.
Shigeki Terashi, Executive Vice-President, Toyota Motor Corporation (TMC), said, “India is, of course, one of the countries we have in mind for introduction (of battery electric vehicles).
A slew of measures by the govt coupled with easing of liquidity conditions and revival in rural demand has kindled hopes of rise in sales of commercial vehicles. Data from SIAM showed sales of CVs declined 23% between April and Sept FY20.
Conundrum ensues as data on vehicle registration from VAHAN dashboard by SIAM & FADA show divergence.
Chetak's launch marks Bajaj Auto's foray into the electric two-wheeler segment. Its managing director Rajiv Bajaj said that the company will focus on developing electric vehicles as far as meaningful niches are concerned and not for volume growth.
Models Triber & Kwid will help the company surpass sales numbers of 2018, says India MD.
Despite the decline, the company’s wholesale volumes improved sequentially and crossed the one-lakh mark last month.
Ayukawa says co’s new car S-Presso will boost entry-level consumer sentiment.
The S-Presso has been designed, developed and validated using Suzuki’s global development processes.
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