Japanese auto major Toyota plans to increase local content of Baleno and Vitara Brezza models which it will receive from compatriot Suzuki for selling in India under their partnership to make them price competitive, a senior company official has said.
The likely changes to be brought in the two models "are still under work-in-progress and how the final products gets rolled out will be known over the course of time", Toyota Kirloskar Motor Vice President Atsushi Oki told PTI.
He added: "Toyota will further boost their outlook on components localisation in support to 'Make in India' initiative, to achieve cost effectiveness," he said when asked how costly the two models under Toyota badge would be when compared to what Maruti Suzuki is already selling in India.
"We understand the price sensitivity of Indian market. We will continue to keep up the price momentum in these directions. Further details are under discussion at this point in time."
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