Globally, auto companies are looking at alternative fuel technologies in a bid to reduce carbon emissions and comply with stringent environmental regulations. Because of high development costs, automakers are opening research and development centers overseas. German car giant Volkswagen AG, which bought a 20% stake in Japan’s Suzuki Motor Corporation, is looking to leverage Suzuki’s R&D centre in India for developing hybrid and electric cars.
Jochem Heizmann, Volkswagen board member and responsible for production, said, "It’s too early to give out concrete details of our plans, but what is definite are common projects on hybrids and electro mobile cars. VW can offer hybrids and electric technology." Heizmann says that Suzuki and Volkswagen complement each other, even in terms of product portfolio. "India has huge potential to offer. Suzuki is strong in the Asian markets, including Japan and India. We are investigating the areas of synergies as we look for scale effect in operations," he said.
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