Toyota to Launch Maruti Suzuki eVX-based Electric SUV in India by 2025

Quick Summary:

This will be the first EV launch for both companies in India.

This impressive turnaround marks a significant recovery from FY21, when the company reported a net loss of Rs 55 crore.

The EV unit and platform used for this model were jointly developed by SMC, TMC, and Daihatsu Motor Corporation, leveraging each company’s strengths.

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Category: BusinessFinance

Markets: IndiaJapan

Topics: SUV market EV launch India Toyota Motor Corporation TKM Toyota Kirloskar Motor Hybrid cars Daihatsu Motor Corporation MSIL Suzuki Motor Corporation Electric vehicle TMC Cross-badged models Gujarat plant Maruti Suzuki India Battery EV SUV Toyota-Suzuki alliance

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Article Type: News Report

Published On: 2024-10-30 @ 14:31:16 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 426 words

Reading Time: 3 minutes read

Sentences: 19 lines

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Copyright Owner: © Business Standard

News ID: 23336501

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