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India Electric Car Market- Industry Analysis and forecast 2027: Technology Toyota Motor Corporation has confirmed that the Japanese automaker will be introducing battery EVs (BEV) in the Indian market. The new Toyota EV for India is under development in collaboration with Suzuki Motor Corporation, the manufacturer's top official has confirmed ahead of the 2019 Tokyo Motor Show. It is speculated that Toyota's compact electric vehicle for the Indian market will be based on the Maruti Suzuki Wagon R electric that is currently being tested in the country. India's largest automaker is expected to introduce the electric Wagon R for the masses by 2020.