Toyota and Suzuki are launching a new phase in mutual vehicle supply within the scope of cooperation. The two companies will start production of a new SUV model developed by Suzuki at Toyota Kirloskar Motor Pvt Ltd (TKM) from August. Maruti Suzuki India Limited and TKM will market the new model in India as Suzuki and Toyota models, respectively. The two companies also plan to export the new model to markets outside India, including Africa.
Suzuki Motor Corporation (Suzuki) and Toyota Motor Corporation (Toyota) signed a memorandum of understanding for cooperation in 2017. The two companies have since brought together Toyota's expertise in electric vehicle technologies and Suzuki's expertise in compact vehicle technologies to manufacture and distribute electric vehicles.
Toyota and Suzuki are launching a new phase in mutual vehicle supply within the scope of cooperation. The two companies will start production of a new SUV model developed by Suzuki at Toyota Kirloskar Motor Pvt Ltd (TKM) from August. The powertrain system of the new model, which will be sold in India, will be equipped with semi-hybrid technologies developed by Suzuki and full-hybrid technologies developed by Toyota. The two companies will pool their strengths through collaboration, offering customers different electrification technologies, contributing to accelerating the electrification process and creating a carbon-neutral society in India.
Toyota and Suzuki will remain committed to the implementation of the “Make in India” initiative supported by the Indian government, including investments in expanding cooperation in India, and contribute to the vision of achieving sustainable economic growth and net zero greenhouse gas emissions by 2070. will be found.
“We Will Continue to Create New Business Opportunities”
In his assessment, Suzuki President Toshihiro Suzuki said, “The production of the new SUV model at TKM is a project that can contribute to the growth of India by providing the environmentally friendly transportation that customers need. This step is an important milestone to further deepen our cooperation in the future. “We are delighted with Toyota's support and will continue to create new synergies and business opportunities through continued collaboration.”
“Suzuki and Toyota Working Together to Reduce CO2 Emissions”
Toyota President Akio Toyoda said: “We are delighted to announce a new SUV model with Suzuki, which has a long history of operations in India. The automotive industry is facing challenges such as the transition to electrification and carbon neutrality. Leveraging the strengths of Toyota and Suzuki, we offer Indian customers a variety of choices and in this way we hope to contribute to the reduction of CO2 emissions and create a society where “no one is left behind” and “everyone can move freely”.
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