Toyota, Suzuki chiefs discuss business opportunities with Narendra Modi
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New Delhi: Top officials of Japanese car makers Toyota Motor Corp. and Suzuki Motor Corp. on Thursday held discussions with Prime Minister Narendra Modi on technological developments and business opportunities in India.
Toyota president Akio Toyoda and Suzuki chairman Osamu Suzuki on Thursday called on PM Modi, and the Toyota-Suzuki business partnership and future technological developments came up for discussion during the meeting, a release issued by Prime Minister’s Office said on Thursday.
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. It is expected to enable India to use new technological developments. Further, high volumes will enable local manufacturing of components required for these technologies, the release said.
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, the release added.
Last year in October, the two Japanese automobile manufacturers had announced plans to explore business partnership to strengthen collaboration in the fields of environment, safety, and information technology. The companies have agreed to begin concrete examinations towards the realisation of business partnership in areas including environmental technologies, safety technologies, information technologies, and mutual supply of products and components.