Khodrocar reports, Seko, speaking to reporters, said he was sure the tie-up between the two companies would contribute to the development of electronic vehicles.
He also said the government would consider ways to support the spread of next-generation cars including electric, plug-in hybrids and cars running on fuel cells.
Toyota and Mazda announced on Friday they would build a $1.6 billion U.S. assembly plant as part of a new joint venture, while Toyota would take a 5 percent stake in its smaller rival.
Source: reuters.com