Ripples Advisory, Suzuki, Toyota may decide on tie-up by end of 2018-19
The Suzuki-Toyota tie-up in India relates specifically to exchanging, rebadging and selling each others’ cars in the country
Japanese auto makers Suzuki Motor Corp. and Toyota Motor Corp. are likely to firm up discussions regarding their partnerships by the end of this fiscal, a top executive at Toyota Kirloskar Motor Pvt. Ltd said.
The partnerships relate specifically to exchanging, rebadging and selling each other’s models.
“The tail end of fiscal 2019 should see something (concrete) happening”, said Shekar Viswanathan, vice-chairman and whole-time director at Toyota Kirloskar Motor, a joint venture of Toyota and the Kirloskar group. A more definite timeline of events will also emerge towards the end of the year, he said in an interview.
On 29 March, Toyota and Suzuki agreed to sell each other’s cars in India’s growing automobile market, strengthening a tie-up formed on 6 February 2017 to undertake mutual supply of products and components, and jointly develop environment-friendly vehicles.
Under the agreement, small car specialist Suzuki will supply two of its best-selling models to Toyota; the compact car Baleno and sub-four metre sports utility vehicle (SUV) Vitara Brezza, while Toyota will deliver its popular sedan Corolla to be sold through the dealership network of Maruti Suzuki India Ltd, Suzuki’s local unit and India’s largest carmaker.
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