Transaction involves acquisition of a "minority and insignificant shareholding" of 4.94 per cent by Toyota Motor in Suzuki Motor while Suzuki will hold approximately 0.24 per cent stake in the former
The two firms are looking to introduce the BEV at an early stage, Toyota said without disclosing a time frame
As part of the agreement, Suzuki will supply the Baleno and Vitara Brezza models to Toyota, while Toyota will supply the Corolla to Suzuki