TOKYO -- Toyota Motor announced on Thursday that the automobile giant will mutually supply cars in India with market leader Suzuki Motor, starting in 2019. The two companies seek to build a stronger foothold in the country, which is now the fourth-largest car market in the world, having passed Germany.
Although they said details of mutual supply have yet to be determined, Nikkei has learned that Suzuki, which leads the Indian market through subsidiary Maruti Suzuki India, will supply Toyota with 30,000 to 50,000 units annually of its Baleno compact and Vitara sport utility vehicle. Toyota will provide Suzuki with around 10,000 units per year of its Corolla, in both hybrid and gasoline models. The companies aim to start their mutual supply for certain models around a year from now.
