TKM is now ready to launch its second cross-badged product Urban Cruiser, which is based on the Maruti Suzuki Vitara Brezza.Īccording to the last 15 month’s data published by Society of Indian Automobile Manufacturers (SIAM), TKM sold 26,764 units of Glanza in the domestic market, which means around 1,784 units of the car has been sold per month. Toyota Kirloskar Motor (TKM) has been selling the Glanza premium hatchback in the Indian market for the last 15 months, which is the cross-badged version of Maruti Suzuki Baleno. ![]() Now, after one year of the announcement, where do they stand in the Indian market? Also, it was said that Toyota would manufacture a cross-badged version of Vitara Brezza compact SUV at Toyota Kirloskar Motor’s plant in Karnataka. On the other hand, Suzuki was to supply two compact vehicles developed on the platform underpinning the Ciaz and Ertiga.īesides that, under the Toyota-Suzuki partnership, Toyota was supposed to develop a C-segment MPV in India with Suzuki’s expertise and supply the Toyota Corolla sedan. Toyota cars are known for their performance and premiumness ~Īs per the Memorandum of Understanding (MoU) signed by the two Japanese auto giants at the global level, in the Indian market, Toyota was supposed to share the Hybrid Electric Vehicle (HEV) technology with Maruti Suzuki through local procurement of HEV systems, engines and batteries. Maruti Suzuki’s strength in the entry-level and economy class segments is well known. With India being a major auto market and Suzuki having the lion’s share in the country through the Maruti Suzuki brand, it was expected to benefit the country’s largest passenger car manufacturer, especially when it is aiming to grab a large chunk of the EV segment in India. ![]() At the same time, Suzuki will buy a smaller stake (0.21%) in Toyota worth 48 billion yen. It was one of the most significant collaborations in the world automotive industry.Īs a joint statement by the two companies has stated, under the capital alliance, Toyota will acquire 4.94% stake in Suzuki valued at 96 billion yen. ![]() Under the capital alliance, Toyota acquired 4.94% stake in Suzuki valued at 96 billion yen, while Suzuki bought a smaller stake (0.21%) in Toyota worth 48 billion yen.New Delhi: Toyota Motor Corporation and Suzuki Motor Corporation started a partnership in 2016 and signed an agreement in August 2019 for a capital alliance to establish and promote long-term cooperation in new fields, including electric vehicle technology and autonomous driving.
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