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Toyota, Suzuki agree to produce cars for each other after R&D tie-up

Toyota, Suzuki agree to produce cars for each other after R&D tie-up
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Toyota Motor Corp and Suzuki Motor Corp agreed on Thursday to produce cars for each other in India as Toyota aims to increase its market share in the world’s fifth-largest passenger car market. The agreement follows an R&D tie-up announced by the two Japanese automakers a year ago and will see Toyota, one of the world’s biggest automakers, secure production from its much smaller rival, which dominates India with its line-up of affordable compact cars.

Read the full story at http://www.timesnownews.com/business-economy/economy/article/toyota-suzuki-to-produce-cars-for-each-other-in-india-boost-market-share-baleno-vitara-brezza-suv-gasoline-hybrid-corolla/212208

SOURCE: Times Now News

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