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

NORD-DuoDrive.jpg: The innovative and patented DuoDrive geared motor reaches outstanding system efficiency Image: NORD DRIVESYSTEMS

Selasa, 17 Mei 2022 - 14:00 WIB

NORD DRIVESYSTEMS at LogiMAT in Stuttgart From 31st May to 2nd June 2022 NORD will present innovative drive solutions for intralogistics

The specialist LogiMAT exhibition in Stuttgart offers as comprehensive overview of the intralogistics and process management market. As one of the market leaders for drive technology, NORD presents…

President Jokowi attends the meeting between ASEAN leaders and American entrepreneurs at Intercontinental the Willard Hotel, Washington DC, Thursday (05/12). Photo by: Laily Rachev

Selasa, 17 Mei 2022 - 13:00 WIB

President Jokowi Invites US CEOs to Boost Cooperation with Indonesia

President Joko “Jokowi” Widodo has invited company CEOs in the United States to boost cooperation with ASEAN countries, particularly Indonesia.

President Jokowi, President Biden, and ASEAN Leaders on a group photo prior to the dinner, at the White House, Washington D.C., Thursday (05/12)

Selasa, 17 Mei 2022 - 12:28 WIB

President Jokowi, ASEAN Leaders Attend Dinner Hosted by US President

President Joko “Jokowi” Widodo Thursday (05/12) attended a dinner with the leaders of ASEAN countries hosted by President of the United States Joe Biden at the White House, Washington D.C.

(Photo: © 2022 KRAIBURG TPE)

Selasa, 17 Mei 2022 - 11:23 WIB

TPE unleashes benefits for pet accessories

The pet care market is rapidly expanding as pet ownership increases, as does spending on pet food, grooming tools, and accessories. Pet owners are significantly concerned about the prevalence…

Sergey Sedov, Founder and CEO of Robocash Group

Jumat, 13 Mei 2022 - 16:15 WIB

Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021

Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…