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Toyota Motor Corporation and Suzuki Motor Corporation have finalized a basic agreement, towards the mutual supply of hybrid and other vehicles for the Indian market.
Under the agreement, Maruti Suzuki will produce and supply Brezza and Baleno to Toyota, and in return Toyota will produce and supply the Corolla to Maruti Suzuki.
Further, details on each model, such as the schedule of the start of supply, number of supplied units, vehicle specifications, and supply pricing, will be considered at a later stage. The vehicles will be sold by respective subsidiaries of Toyota and Suzuki based in India through their sales networks.
