Suzuki said the company has decided to launch EV in India around 2020 in cooperation with Toyota Motor Corporation. It will commence production of lithium-ion batteries, used in electric-vehicles, at its Gujarat plant in 2020.
Maruti in 2012 had signed an agreement with the Gujarat government for an investment of an estimated Rs 4,000 crore. It was the first time when Maruti had decided to purchase land outside Haryana for its manufacturing unit.
This week, KTM has launched its most affordable motorcycle 125 Duke in the Indian market. Apart from that, Maruti Suzuki Swift and Baleno have clocked some staggering sales, creating records in their own way.