Increase Market Share in India, Toyota-Suzuki Agrees to Share Vehicle and Production Models

By : Hariyanto And Aldi Firhand. A | Monday, April 02 2018 - 19:55 IWST

Toyota-Suzuki
Toyota-Suzuki

INDUSTRY.co.id - Jakarta - In order to increase market share in India, which is the fifth largest car market in the world, Toyota Motor Corp. and Suzuki Motor Corp have agreed to share the model of vehicle and mutual car production.

Quoted from Reuters, Suzuki will later supply gasoline and hybrid vehicles Baleno Hatchback and compact SUV Vitara Brezza to Toyota. While Toyota will produce Corolla hybrid for Suzuki, according to the company's announcement.

Analysts say the move will help Toyota expand its presence in India while boosting sales.

"By reselling the slightly changed Baleno and Vitara, Toyota can improve its distribution network and move more towards expanding its market share," said Janet Lewis, head of Asian transportation research from Macquarie Securities.

The manufacturing process in India is scheduled to begin in mid-2019. Under the deal, Suzuki's vehicles will be renamed to Toyota cars, while Toyota vehicles will use the Suzuki brand.

Meanwhile, Toyota's spokesman declined to provide details on the production figures. However, the Nikkei reported that Toyota will supply about 10,000 vehicles to Suzuki, while Suzuki will produce up to 50,000 units per year for Toyota.

An increasingly deep partnership between the two automakers opens the opportunity for Suzuki to use Toyota's research and development (R & D) center to develop low-emission vehicles and self-driving cars.

The two Japanese automotive companies are also planning to introduce electric cars in India in 2020.

News Comment

Today's Industry

Launch of OKINO C100, tiny vape with O-Tape Coil technology. (Photo: OKINO Public Relations)

Kamis, 29 September 2022 - 15:38 WIB

OKINO C100, Tiny Vape With O-Tape Coil Technology

The consumption of e-cigarettes in Indonesia continues to increase. The Indonesian Personal Vaporizer Association (APVI) estimates that there are currently 2.2 million e-cigarette (vape) users.…

EH Free Swinging Hinges

Kamis, 29 September 2022 - 12:00 WIB

Southco Introduces Free-Swinging Hinges in New Materials to Meet Demanding, Heavy-Duty Applications

Southco Asia Ltd., a subsidiary of Southco Inc., a leading global provider of engineered access solutions such as locks, latches, captive fasteners, electronic access solutions and hinges/ positioning…

President Jokowi distributes direct cash assistance in South Buton regency, Southeast Sulawesi province, Tuesday (09/27). (Photo by: BPMI Presidential Secretariat/Laily Rachev)

Rabu, 28 September 2022 - 21:50 WIB

President Jokowi Distributes Assistances in South Buton

President Joko “Jokowi” Widodo Tuesday (09/27) distributed direct cash assistance (BLT) for fuel for beneficiaries of Family Hope Program (PKH) at Batauga post office, South Buton regency,…

President Jokowi at the inspection at PT Wika Bitumen, Buton regency, Southeast Sulawesi province, Tuesday (09/27). (Photo by: BPMI Presidential Secretariat/Laily Rachev)

Rabu, 28 September 2022 - 19:00 WIB

President Jokowi Pushes for Revival of Asphalt Producing Industries in Buton

President Joko “Jokowi” Widodo Tuesday (09/27) expressed hope to Buton regency, Southeast Sulawesi province to maximize its potential so it can re-emerge as an asphalt-manufacturing industrial…

KRAIBURG TPE presents THERMOLAST® R

Rabu, 28 September 2022 - 17:00 WIB

KRAIBURG TPE to campaign in Düsseldorf: The focus is on sustainable products and discussion

To ensure that customers of KRAIBURG TPE always achieve the best result, individual materials solutions are developed for many requested applications. The result: Right in time for the 2022…