🚖Toyota and Suzuki sign mutual agreement to supply certain models in India
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.
Business Standard
Toyota-Suzuki alliance deepens as both agree to sell each other’s vehicles in India | The Japan Times