Toyota's Indian arm to make cars developed by Suzuki in the country

Maruti Suzuki and Toyota to sell these cars locally, export them

Japanese automobile major Toyota’s India subsidiary is likely to produce models developed by Suzuki for sale in the Indian market through retail outlets of Maruti Suzuki and Toyota. These models, and others from Suzuki, will also be exported to markets like Africa for sale through the network of the two Japanese entities. Toyota’s local entity has a capacity to produce 310,000 vehicles a year but is able to use just half the capacity from the current sales.

Toyota Motor Corporation (TMC) and Suzuki Motor Corporation (SMC) agreed on Friday to start discussions on new joint projects in the fields of