Toyota Kirloskar may invest Rs 1,000 cr to manufacture Maruti Suzuki models

Toyota will supply its executive sedan, the Corolla, to Suzuki to be sold through Maruti Suzuki

The pact between Toyota Motor and Suzuki Motor has started taking shape about a year after they inked an agreement for a mutual supply of hybrids and other models for India and other emerging markets.

Toyota Kirloskar Motor (TKM), the local arm of Toyota Motor, is finalising plans to invest more than Rs 1,000 crore in its facility to manufacture Maruti Suzuki models, which it would sell under the Toyota badge, said a top official of TKM.

As part of the pact, the local arms of the Japanese manufacturers will manufacture vehicles for each other in the Indian market.

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