BiznextIndia : Toyota Motor Corporation (Toyota) and Suzuki Motor Corporation (Suzuki) today announced their agreement to begin considering concrete collaboration in fields like Electric Vehicles and Compact vehicles.
“Toyota and Suzuki, in addition to bringing together Toyota’s strength in electrification technologies and Suzuki’s strength in technologies for compact vehicles, intend to grow in new fields, such as joint collaboration in production and in the widespread popularization of electrified vehicles” both the companies said in a statement.
As per the agreement, Toyota will supply THS (Toyota Hybrid System) to Suzuki. In the Indian market Toyota Widely spread hybrid electric vehicle (HEV) technologies in India through local procurement of HEV systems, engines, and batteries. The deal also provides OEM supply of two new electrified vehicles built on Toyota platforms (RAV4,Corolla Wagon) to Suzuki in Europe.
On the other hand, Suzuki will supply (OEM ) of two compact vehicles built on Suzuki platforms (Ciaz and Ertiga) to Toyota in India. Toyota to adopt newly developed Suzuki engines for compact vehicles. Such engines are to be supported by Denso and Toyota, and will be manufactured at Toyota Motor Manufacturing Poland. The deal also provides OEM supply of Suzuki’s India-produced vehicles (Baleno, Vitara Brezza, Ciaz, Ertiga) to Toyota, targeting the African market.