Akio Toyoda, President Toyota, and O Suzuki, Chairman Suzuki, called on Indian Prime Minister Narendra Modi. The Toyota-Suzuki business partnership, and future technological developments came up for discussion. The partnership is expected to bring together Toyota’s global leadership in technology and manufacturing, with Suzuki’s strength in manufacture of small cars, especially in India. Toyota-Suzuki partnership is also expected to enable India to use new technological developments. Further, high volumes will enable local manufacture of components required for these technologies. Hence, the partnership will promote Make in India, and contribute to employment generation. It also opens up scope for export of new technology cars from India. On February 6, 2017, Toyota and Suzuki, with an aim to jointly contribute to resolution of social issues and achievement of sound and sustainable development of an automobile-based society, concluded a memorandum on beginning concrete examinations for business partnership.
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