Toyota, Suzuki agreement: Japanese auto majors to share hybrid, other models in India
Suzuki will supply premium hatchback Baleno and compact SUV Vitara Brezza to Toyota, while Toyota will supply sedan Corolla to Suzuki. "Details on each model, such as the schedule of the start of supply, number of supplied units, vehicle specifications, and supply pricing, will be considered at a later stage," the two companies said in a joint statement. These models will be sold by the respective Indian subsidiaries of Toyota and Suzuki.
In February 2017, Toyota and Suzuki had concluded a memorandum towards business partnership and since then, they have been exploring concrete projects for collaboration. Image source: Reuters