Hotline: 1800 102 2007
X
Search Business Opportunities
Jan, 14 2019

Toyota to introduce its version of Baleno in Indian market next fiscal

In March 2018, both the Japanese companies had concluded a basic agreement to supply hybrid and other vehicles to each other in the Indian market.

Japanese auto major Toyota is planning to bring its version of Suzuki's premium hatchback Baleno in the Indian market in the second half of next fiscal. Toyota will incorporate its own unique features to the model, which has been a runaway success for Maruti Suzuki, the Indian arm of Suzuki.

In March 2018, both the Japanese companies had concluded a basic agreement to supply hybrid and other vehicles to each other in the Indian market. According to the agreement, Toyota supplies sedan Corolla to Suzuki while Suzuki supplies premium hatchback Baleno and compact SUV Vitara Brezza to Toyota.

A source said, "In the second half of next fiscal, Toyota will launch its version of Baleno. There will be external tweaks for a different look but it will be more like the existing one."

Atsushi Oki, Vice President of Toyota Kirloskar Motor, said, "Under the Toyota-Suzuki tie-up, each company will sell mutually supplied vehicles under their own respective brands and nameplates. Beyond that, at this point in time, we are not in a position to discuss further details such as vehicle specifications of our future product plans."

Comment
image
Related opportunities
  • Quick Service Restaurants
    About Us: Largest and the only Pizza takeaway brand having 100+..
    Locations looking for expansion Delhi
    Establishment year 2000
    Franchising Launch Date 2007
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Kids/Candy Stores
    JOIN INDIA’S 1st ZERO ROYALTY FRANCHISE MODEL - Khilonewala Toy Library! About..
    Locations looking for expansion Madhya Pradesh
    Establishment year 2011
    Franchising Launch Date 2013
    Investment size Rs. 2lac - 5lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Indore Madhya Pradesh
  • Ice creams & Yogurt Parlors
    About Us: The Pabrai Family has over 30 years of experience..
    Locations looking for expansion West Bengal
    Establishment year 2008
    Franchising Launch Date 2009
    Investment size Rs. 20lac - 30lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Kolkata West Bengal
  • About Us: MCTA provides Job Ready Certification Programs in Digital Marketing..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 650
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities