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Suzuki, Toshiba to team up to launch HV in India www3.nhk.or.jp
NHK has learned that Japanese automaker Suzuki plans to team up with the country's electronics giant Toshiba to expand the sale of hybrid cars in India.
Sources say the 2 companies are in the final stage of talks to launch a joint venture in India to produce lithium-ion batteries for hybrid vehicles.
Suzuki is the first Japanese automaker to start business in India, which has become its main overseas market.
Its local unit, Maruti Suzuki, is the market leader, with a share of over 40 percent in terms of sales units.
The plan to bolster hybrid car sales is in response to tighter regulations to address worsening air pollution in major cities.
A court has ordered a ban on diesel cars that are more than 10 years old in the capital, New Delhi.
Analysts say Suzuki aims to keep its leading position by promoting fuel-efficient and environmentally friendly hybrid models.
Published Date:2016-11-09
