Toyota to make cars developed by Suzuki AJAY MODI & SHALLY SETH MOHILE PLAYING TO THEIR tinct and not Identical," he said. some changes, will be badged under New Delhi, 25 May STRENGTHS Shekar Viswanathan, vice-chair- the name of the company selling them. man and whole time director of "As members of Indian society Japanese automobile major Toyota's Toyota's India arm. said the move Toyota, along with Suzuki, will do its India subsidiary is likely to produce " Suzuki to develop a compact, would help both the companies to best to enhance freedom and fun in a models developed by Suzuki for sale ultra-high efficiency engine improve the cost structure and give future society of mobility and to make in the Indian market through retail out- Denso Corp and Toyota to more meaning to the partnership. Make in India vehicles cherished in lets of Marud Suzuld and Toyota. These provide technological support to Since the conclusion of last year's Africa and in many other countries models, and others from Suzuki, will Suzuki for this memorandum towards business part- around the world." Akio Toyoda. pres also be exported to markets like Africa Toyota and Suzuki to advance nership, the two companies have been ident of TMC, said in the statement. for sale through the network of the two Osamu Suzuki, chairman, SMC, said Japanese entities. Toyota's local entity cooperation in the domains of exploring concrete projects for collab- oration in areas such as environmental they hoped the new joint projects has a capacity to produce 310,000 vehi- logistics and services technology, safety technology, infor- would contribute to the future success cles a year but is able to use just half of " The move will help the two mation technology, and the mutual of both companies. not only In India, the capacity from the current sales. companies to improve cost supply of products and components. but also in the global market. Toyota Motor Corporation (TMC) structure They have also been broadening the Intensifying competition, rising and Suzuki Motor Corporation "scope of their partnership consid costs, stricter regulations and an (SMC) agreed on Friday to start dis- crations to Include joint efforts emphasis on green technologies by cussions on new joint projects in related to production and mar- the Indian government are prompt the belds of technological devel ket development ing automobile firms to collaborate apment, vehicle production The Two companies and share costs. If anything, such non- and market development. have already strategic partnerships are a precursor The two entities said in announced a to the auto companies working togeth statement third largest globally by 2020. decision to jointly work her to tide over the technological Another area of discussion K C Bhargava, chairman of Marud Towards development of elect disruptions that are set to unfold will be the offer of technological sup Suzuki, said while Maruti Suzuki was tric cars for the Indian market, due for over the next decade. In March this port by Denso Corporation and Toyota facing a shortage of capacity, there was launch in 2020. Toyota's India unh will year, homegrown auto major for a compact, ultra-high-efficiency a surplus unused capacity with Toyota also source two cars manufactured by Mahindra and Mahindra a powertrain to be developed by Suzuki. in India, "Toyota will be able to use the Maruti Suzy'S. The Baleno and Brezza, American car maker Ford signed a With this move the two companies aim spare anpacity and Maruti can expand _including their hybrid variants, and in slew of non-binding agreements to to strengthen their positions in a car sales. Since the products will be sold by return Toyota will offer its Corolla collaborate on future rechnologies market that is touted to become the both the brands, they should be dis- sedan to Maruti These vehicles, with and joint product development