Toyota Motor Corporation and Suzuki Motor Corporation had announced a business partnership in February last year, followed by its plan of sharing models in India early this year. Now, both the companies have agreed to begin discussing new projects for the vehicle production and technological and market development.
Under this partnership, Toyota will produce Suzuki cars at its local plant and retail them via each of their dealership networks. This deal will favour both the carmakers as the former’s plant currently utilises only 30% of its total production capacity and the latter’s facilities are in full swing. Read – Toyota’s Compact SUV and Hatchback, Based on Vitara & Baleno; Coming Soon
Besides this, Suzuki will develop ‘ultrahigh-efficiency powertrain’ with Denso Corporation and Toyota’s technological support. Interestingly, this new compact engine will be available in both petrol and hybrid fuel guise. The models produced under this collaboration will also be retailed in African and other markets by both the companies through their sales networks.
Toyota President, Akio Toyoda said, “Suzuki was the first (among Japanese companies) to enter India, and, together with the people of India, has been a presence for pulling forward India’s automotive society. As members of Indian society, Toyota, along with Suzuki, will do its best to enhance freedom and fun in a future society of mobility and to make “Make in India” vehicles cherished in Africa and in many other countries around the world. Through our business partnership with Suzuki, I would like to learn more about this spirit. Read – Maruti Suzuki To Launch Toyota Corolla Based Sedan In India
Suzuki Chairman Osamu Suzuki said, “At the time we announced the partnership, I said: ‘Under the leadership of President Akio Toyoda, Toyota was enthusiastic throughout our discussions regarding partnership sought by Suzuki, which was concerned about the development of advanced technologies. I want to express my heartfelt appreciation. Immediately afterwards, Toyota arranged a series of intensive and meaningful discussions. Now, we will receive support for the development of a compact, ultrahigh-efficiency powertrain that is vital to Suzuki, and we will focus our utmost efforts on development. It is my hope that the new joint projects will contribute to the future success of both companies, not only in India, but also in the global market”.
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