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

Nanda Patricia Flowerence Student of MBA President University

Selasa, 14 Juli 2020 - 16:45 WIB

PRESIDENT UNIVERSITY OPEN MBA PROGRAMS: The Opportunity to Enhance Your Career While Studying

Standing in the largest industrial area in Indonesia, President University is one of the best private campuses, because this campus has a goal to become a leading global educational institution,…

HIMA (Photo by Rail Solutions Asia 2019 - German Pavilion)

Selasa, 14 Juli 2020 - 09:35 WIB

HIMA Recognized by Frost & Sullivan for its Industry-leading Industrial Process Safety Systems in the 2020 Asia-Pacific Best Practices Awards

HIMA Paul Hildebrandt GmbH, world's leading independent provider of smart safety solutions for industrial applications, has been recognized at the prestigious Frost & Sullivan 2020 Asia-Pacific…

Ignatius Indrawan Sumawinata - Mahasiswa President University

Senin, 13 Juli 2020 - 18:15 WIB

The Second Fall of Datsun in Indonesia

Datsun is a Nissan legendary car brand that has ever existed in the 70s by reason of its comfort and reliable performance. Having that greatness did not guarantee its sales perfromance in Indonesia,…

FARO Technologies, Inc

Kamis, 09 Juli 2020 - 22:05 WIB

FARO Launches Freestyle 2 Portable 3D Scanner

FARO Technologies, Inc. (NASDAQ: FARO), the global leader for 3D Metrology, AEC, and Public Safety Analytics, today announced the release of its most portable and advanced handheld 3D forensic…

Harmawan Student of MBA President University

Rabu, 08 Juli 2020 - 21:05 WIB

Innovate Or Terminate How To Survive The Business in Covid-19 Pandemic

Bring new innovation would bring new customer and new opportunity in business but many businesses are afraid to take a step to make that change. Especially this Covid 19 Pandemic brings many…