On the surface, the collaboration seems like a masterstroke: Toyota brings global EV pedigree, and Maruti has local manufacturing prowess and market reach. But it’s more complex than that.
South Korean companies LG Chem and Samsung and Chinese manufacturers BYD and CATL, promise that the first generation of solid-state batteries will begin production by 2024.
Japan’s Industry Minister Yasutoshi Nishimura said large-scale investments by Toyota and so on will hopefully lead to strengthening of supply chain for storage batteries.
The leak could encompass details such as vehicle locations, identification numbers of vehicle devices, but there were no reports of malicious use, Toyota said.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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