November 17, 2017 / 1:30 PM / in 5 months

Toyota and Suzuki in tie-up to sell electric vehicles in India

TOKYO (Reuters) - Toyota Motor Corp and Suzuki Motor Corp have agreed to cooperate in selling electric vehicles in India from around 2020, they said on Friday, aiming to give each other a leg up in emerging markets and low-emission technology.

Visitors look at Toyota models at Auto Guangzhou in Guangzhou, China November 17, 2017. REUTERS/Bobby Yip

The announcement comes after the Japanese companies agreed in February to trade expertise in parts supplies and research and development.

The partnership could help Toyota to expand in India’s massive car market, where drivers prefer the type of affordable compact vehicles in which Suzuki excels.

Suzuki, in turn, is expected to gain from Toyota’s innovations in automated driving, artificial intelligence and low-emission vehicles.

The companies said Suzuki will produce the electric vehicles and supply some to Toyota, which will provide technical support.

FILE PHOTO: Suzuki Motor's logo on a wheel of its Wagon R Stingray is pictured at its launch event in Tokyo, Japan, February 1, 2017. REUTERS/Kim Kyung-Hoon/File Photo

Reporting by Ritsuko Ando; Editing by David Goodman

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