Mumbai: Toyota Motor Corporation and Suzuki Motor Corporation on Friday revealed broad contours of their evolving partnership that centres around India. The move will enable Maruti Suzuki to tap into the under-utilised manufacturing base of Toyota in India, and the latter will use Maruti Suzuki's network to expand into smaller towns. RC Bhargava, chairman, Maruti Suzuki said the move is a win-win. A joint statement on Friday said the duo has started discussing new joint projects in the fields of technological development, vehicle production and market development. Or, as I like to say, Suzuki is a company that puts into practice being The Best in Town,” said Akio Toyoda, president, Toyota Motor.

Source: Economic Times May 26, 2018 02:15 UTC