Suzuki's Gujarat Unit Will Supply SUV EV To Toyota, Maruti Shares Up 3%

Suzuki Motor Corporation will be supplying its first ever electric vehicle to Toyota Motor Company. The company has clarified that it will be an electric SUV and will be manufactured at its Gujarat plant. Expected to be launched by the beginning of FY25-26, Suzuki will begin manufacturing the car from April 2025. After this news was out, Maruti Suzuki India Ltd shares were trading nearly 3% higher. The shares are at Rs 11,355.15 a piece.

Also Read: Maruti Suzuki eVX Spotted Testing In India

There was a little information provided about this new SUV EV. The company said that BEV platform adopted for this model was jointly developed by Suzuki, Toyota, and Daihatsu Motor Co., Ltd and the model has been designed exclusively as a BEV indicating that it will not be a derivative of any of the petrol-powered models that are currently part of either of the company’s line-up. 

Suzuki President, Toshihiro Suzuki, said, "Suzuki will supply our first BEV to Toyota globally. I am grateful that the collaboration between the two companies has further deepened in this way.”

Also Read: Maruti Suzuki eVX Interior Spied For First Time

Toyota and Suzuki have engaged in a wide-ranging collaboration since 2016 and we’ve already seen these ‘collaboration’ vehicles expanding to Japan, Europe, Africa and the Middle East. 

Toyota President, Koji Sato said, "By leveraging the BEV unit and platform that we jointly developed, we will take a new step in our collaboration in the field of electrified vehicles.”

For now India will be the only country to manufacture this new electric SUV and Suzuki is also looking at making India the export hub for this vehicle.