Suzuki's Indian unit will supply its first-ever electric vehicle to Toyota, the two companies said in a statement on Wednesday, in a move that marks their first collaboration on green vehicles.
Maruti Suzuki, which is majority-owned by Suzuki, will begin production of the EV from spring 2025 in its plant in the western Indian state of Gujarat.
Shares of Maruti Suzuki climbed about 4% to trade near the session's high after the announcement.
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