375.40 (2.54%) Suzuki Motor Corporation (Suzuki) and Toyota Motor Corporation (Toyota) have entered into agreement to begin considering concrete collaboration in new fields. Toyota and Suzuki have been considering the concrete details of such collaboration since having concluded a memorandum of understanding toward business partnership on February 6, 2017.
Toyota and Suzuki, in addition to bringing together Toyota's strength in electrification technologies and Suzuki's strength in technologies for compact vehicles, intend to grow in new fields, such as joint collaboration in production and in the widespread popularization of electrified vehicles.
Maruti Suzuki India (formerly known as Maruti Udyog) is an automobile manufacturer in India. It is a subsidiary company of the Japanese car and motorcycle manufacturer Suzuki Motor Corporation. It provides passenger cars, utility vehicles and vans. The firm also offers pre-owned car sales, fleet management and car financing services.