Toyota Motor Corporation (Toyota) and Suzuki Motor Corporation (Suzuki) signed a memorandum of understanding for a business alliance in 2017. Since then, the two firms have been bringing collectively Toyota’s power in electrification applied sciences and Suzuki’s power in applied sciences for compact autos for joint collaboration in manufacturing and in the widespread popularization of electrified autos.
Toyota and Suzuki are selling mutual provide of autos globally, which is one of the collaborations in the business partnership, and the two firms will now begin manufacturing of a brand new SUV mannequin developed by Suzuki at Toyota Kirloskar Motor Pvt. Ltd. (TKM) from August. Maruti Suzuki India Limited and TKM will market the new mannequin in India as Suzuki and Toyota fashions, respectively. Furthermore, the two firms are planning to export the new mannequin to markets exterior India together with Africa.
The powertrains of the new mannequin to be on sale in India, might be outfitted with delicate hybrid developed by Suzuki and sturdy hybrid developed by Toyota. By bringing collectively strengths of each Toyota and Suzuki by means of the collaboration, the two firms might be in a position to present all kinds of automobile electrification applied sciences to clients and contribute to the acceleration of electrification and the realization of a carbon-neutral society in India.
Including funding in growth of collaboration in India, Toyota and Suzuki will stay dedicated to the achievement of the “Make in India” initiative promoted by the Indian authorities, and contribute to sustainable financial progress and to the imaginative and prescient of attaining internet zero GHG emissions by 2070.
Toyota President Akio Toyoda mentioned: “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 mentioned: “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.”
