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  • Raghubar directs to create awareness among youth SC/ST/OBC youths
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Toyota to form electric car technology venture with Mazda

Toyota to form electric car technology venture with Mazda

By Naomi Tajitsu and Maki Shiraki


TOKYO, Sept 28 (Reuters) Toyota Motor Corp is establishing a new venture to develop electric vehicle technology with partner Mazda Motor Corp, seeking to catch up with rivals in an increasingly frenetic race to produce more battery-powered cars. Policymakers in key markets like China are aggressively pushing a shift to electric cars over the next two to three decades, pressuring traditional automakers to crank up their electric vehicle (EV) plans - just as declining battery costs enable more power to be packed into cars. Toyota said in a statement the new company will develop technology for a range of electric cars, including minivehicles, passenger cars, SUVs and light trucks. Toyota will take a 90 percent stake in the joint venture, called EV Common Architecture Spirit Co Ltd, while Mazda and Denso Corp, Toyota's biggest supplier, will each take a 5 percent stake. The plans build on a partnership announced in August when Japan's biggest automaker agreed to take a 5 percent stake in Mazda and two said they would jointly develop affordable electric vehicle technologies. After years of focusing on bringing hydrogen fuel cell vehicles to the market, Toyota last year set up a division to develop electric cars which is led by President Akio Toyoda, and said it plans to introduce EVs in China in the coming years. Neither Toyota nor Mazda market fully electric passenger cars at the moment. Toyota has cited affordability and the limited range of battery-operated cars as obstacles to the mass popularisation so far. Mazda has an R&D budget a fraction of Toyota's, which has made it difficult to develop electric cars on its own. Even so, it has said it plans to launch EVs in 2020. Shares in Mazda were up 3 percent after the announcement, while those in Denso were up 1.5 percent. Toyota shares were flat. REUTERS SV 1108

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Suzuki Motorcycle starts helmet awareness campaign

Suzuki Motorcycle starts helmet awareness campaign

22 Jun 2018 | 3:45 PM

Gurugram, June 22 (UNI) Suzuki Motorcycle India Private Limited (SMIPL) has kick-started the second-phase of its helmet awareness campaign – ‘#HelmetForLife, a statement said.

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Chevrolet India organises Monsoon Service Camp

Chevrolet India organises Monsoon Service Camp

15 Jun 2018 | 4:22 PM

Mumbai, June 15(UNI) Chevrolet India announced the commencement of a nationwide After-Sales Service Camp, 'Chevrolet Monsoon Service Camp’.

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Volkswagen Launches New Extended Warranty option and a Service Value package this monsoon season

Volkswagen Launches New Extended Warranty option and a Service Value package this monsoon season

13 Jun 2018 | 5:04 PM

Mumbai, June 13 (UNI) Europe’s leading car manufacturer Volkswagen said that it has introduced special Monsoon benefits for its customers across the country.

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Volkswagen introduces special edition of Polo, Ameo and Vento

Volkswagen introduces special edition of Polo, Ameo and Vento

09 Jun 2018 | 7:34 PM

New Delhi, June 9 (UNI) Europe’s leading car manufacturer Volkswagen, on Saturday announced the introduction of the special edition model of its popular carlines— the Polo, Ameo and Vento.

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Nissan to launch new models every 6 months, eyes 5 pc market share in 2022

Nissan to launch new models every 6 months, eyes 5 pc market share in 2022

08 Jun 2018 | 4:45 PM

Chennai, Jun 8 (UNI) Auto major Nissan Motor Company on Friday announced it would launch new models every six months to achieve a market share of five per cent by 2022.

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