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Benzinga

World

Rachit Vats

2 Japanese Auto Giants To Jointly Make New Hybrid SUV In India

Toyota India Japan Suzuki NYSE Suzuki Motor Corp TM

Japan’s Toyota Motor Corp (NYSE: TM) said on Friday it will further leverage its global partnership with Suzuki Motor Corp (OTC: SZKMY) to begin production of a new sports utility vehicle in India with hybrid capabilities.

What Happened: The new SUV, developed by Suzuki, will be built at a Toyota Kirloskar Motor Pvt Ltd plant, the Aichi-headquartered automaker’s India plant it runs jointly with the Kirloskar Group.

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