Japanese automobile goliaths Toyota Motor Corporation and Suzuki Motor Corporation have been considering their business collaboration since 2017. Both the companies had brought various enhanced electrification vehicles. On the other side, Toyota has been altruistic to Suzuki in the development of compact vehicles for a joint venture in production.
In other accounts, both the firms have been burgeoning in the automobile field together. As the winter comes by, Suzuki and Toyota have decided to broaden their supply chain to India. Albeit the Indian automobile market is heftier than artistry the automobile market is not as louder as it looks. In the distance, both the firms have been promoting the mutual supply of vehicles globally, which is one of the company’s collaborative approaches in the joint venture.
Further along, the two companies will now begin the production of a new SUV model developed by Suzuki at Toyota Kirloskar Motor Pvt. Ltd. (TKM) in August. Maruti Suzuki India Limited and TKM will widen the new model in India as Suzuki and Toyota models, respectively, and also the two companies are planning to transport new model to markets outside India even to Africa.
Toyota President Akio Toyoda said: “We are pleased to announce the new SUV with Suzuki, a company that has a long history of local involvement in the Indian business. Today, the automotive industry is facing various challenges such as electrification and carbon neutrality. By leveraging the respective strengths of Toyota and Suzuki to provide Indian customers with a variety of options, we hope to contribute to the reduction of CO2 emissions and realize a society where ‘no one is left behind and ‘everyone can move freely.’”
Suzuki President Toshihiro Suzuki said: “Production of the new SUV at TKM is a project that can contribute to the growth of India through providing eco-friendly mobility needed by customers. We recognize that it is a big milestone toward further deepening our collaboration in the future. We appreciate the support from Toyota, and at the same time, will explore new synergy and business opportunities through continuous collaboration.”
The driveline of the power vehicle for a new model to be on sale in India. It will be molded with a mild hybrid crafted by Suzuki and a strong hybrid developed by Toyota. Astonishingly, the two companies aim to create a carbon-neutral society in India by developing electrification vehicles
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