Toyota, Suzuki enter into capital alliance amid a shake-up in auto industry

Through deepening partnership with Maruti, Toyota in India will be able to draw buyers

Strengthening their existing collaboration to develop futuristic technologies, Japanese automobile majors Toyota Motor Corp and Suzuki Motor Corp on Wednesday announced a “capital alliance” for equity investment into each other. While Toyota will acquire 4.94 per cent shares of Suzuki, worth $908 million, the latter will make a $454-million investment in the biggest automaker of Japan. 

The latest investment comes months after the two companies announced a cross-badging deal under which they would manufacture vehicles for each other in the Indian market. Premium products from the Maruti stable such as the Baleno, Ciaz and Vitara Brezza will be sold under the