CURRENT AFFAIRS

Detailed explanation-1: -On Wednesday, Toyota and Suzuki announced an agreement to begin collaboration on electric vehicles and other in-car technology. This partnership allows both companies to take advantage of their respective strengths.

Detailed explanation-2: -Since then, the two companies have been bringing together Toyota’s strength in electrification technologies and Suzuki’s strength in technologies for compact vehicles for joint collaboration in production and in the widespread popularization of electrified vehicles.

Detailed explanation-3: -The EV ecosystem in the country is dominated by major 2-and 3-wheeler, passenger vehicle, and commercial EV brands, including Ampere, Ashok Leyland, Ather Energy, Hero Electric, Hero MotoCorp, Hyundai, Mahindra Electric, MG Motor India, Okinawa Autotech, Ola Electric, Tata Motors, and TVS Motor Company.

Detailed explanation-4: -India Electric Vehicle Market Competitor Analysis The India Electric Vehicle Market is moderately consolidated, with the top five companies occupying 53.49%. The major players in this market are Audi AG, Hyundai Motor India, Mahindra & Mahindra Ltd, MG Motor India Pvt. Ltd. and Tata Motors (sorted alphabetically).