The two big giants of Auto industry Suzuki and Toyota, have joined hands to jointly produce compact and Hybrid cars so that they can contend against the worldwide leaders in the Auto industry.
Initially, the agreement between the two automakers to work together was signed in the year 2017 however Suzuki will even produce more vehicle for its other Partner.
Although Suzuki is not recognized worldwide, however, their dominance in countries like India and Pakistan is quite impressive.
The joint statement is as follow:
“Apart from bringing together Toyota’s strength in hybrid technology and Suzuki’s expertise in compact vehicles, we intend to grow in new areas, just like joint collaboration in manufacturing of hybrid cars”
Based on its all famous SUV, Corolla and RAV4, Toyota will manufacture Hybrid cars in Europe which be the crossover for Suzuki. As far as Suzuki is concerned it will provide petrol engines for compact models to Toyota.
It is no more hidden thing that India and Pakistan are strongly dominated by Suzuki for its compact vehicles. So for the expansion of its business particularly in Asia Toyota has signed the said deal.
Regarding the partnership President Toyota, Akio Toyoda stated:
“We believe that the expansion of our business partnership with Suzuki will help give us the competitive edge we will need to survive this once-in-a-century period of profound transformation”
The two partners will cooperate with each other in India as well as Europian markets to manufacture cars relying on each other’s expertise. One more thing, Suzuki will also produce cars like Baleno, Vitara Brezza, Ciaz, and Ertiga for Toyota which will be then sold out in Africa once rebranding as Toyota models.
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