375.40 (2.54%) Maruti Suzuki’s parent company -- Suzuki Motor Corporation and Toyota Motor Corporation (Toyota) have agreed to start discussing new joint projects in the fields of technological development, vehicle production, and market development.
After having concluded a memorandum of understanding toward business partnership on February 6, 2017, Toyota and Suzuki have been pursuing concrete forms of cooperation and have announced the mutual supply of vehicles for the Indian market and other joint efforts.
Maruti Suzuki India (formerly known as Maruti Udyog) is an automobile manufacturer in India. It provides passenger cars, utility vehicles and vans. The firm also offers pre-owned car sales, fleet management and car financing services.