Toyota and Suzuki sign mutual agreement to supply certain models in India
As part of the agreement, Suzuki will supply the Baleno and Vitara Brezza models to Toyota, while Toyota will supply the Corolla to Suzuki
Japanese automobile major Toyota has an India-specific small car strategy in place, finally. Its India unit will source two cars manufactured by Maruti Suzuki, the Baleno, and Brezza, including their hybrid variants, and in return, Toyota will offer its Corolla sedan to Maruti. These vehicles, with some changes, will be badged under the name of the company selling them.
With this move, the two companies aim to strengthen their position in a car market that is touted to become the third largest globally by 2020. The carmakers had signed a business partnership in February 2017. In November, they said they would jointly develop electric vehicles for the Indian market by 2020.
“By challenging and competing with each other with the goal of mutual improvement, Toyota and Suzuki aim to invigorate the Indian automotive market to further enhance their respective products and services to be offered to customers,” the companies said in a joint statement.
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