This story is from December 04, 2020
Suzuki changes product sharing plan with TKM
Chennai: There is a change in the product sharing plans between alliance partners Toyota and Suzuki in India. Maruti Suzuki has announced that it will ‘change the model to be manufactured’ by alliance partner Toyota Kirloskar Motor instead of the earlier decided Vitara Brezza.
In a stock market filing on Thursday, Maruti said that while it had in March 2019 announced that its model Vitara Brezza would be made “at the existing plant of Toyota Kirloskar Motor (TKM) starting year 2022” its board has now “approved to change the model to be manufactured at TKM from Vitara Brezza to another model.”
While there are rumours in the auto industry that the new model could be the new Ciaz there is no confirmation from either Maruti or TKM on the matter. When contacted both Maruti and TKM spokespersons refused to comment. Currently the Suzuki Baleno and the Toyota Glanza — both on the same platform — are made in Maruti’s Sanand factory in Gujarat. The Suzuki Vitara Brezza and the Toyota Urban Cruiser — which are also on the same platform — are made in Maruti’s Gurgaon factory. According to the earlier announced global alliance plans between Suzuki and Toyota, from 2022 onwards Toyota’s Bengaluru plant was supposed to produce Vitara Brezza. Now it will produce another model.
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While there are rumours in the auto industry that the new model could be the new Ciaz there is no confirmation from either Maruti or TKM on the matter. When contacted both Maruti and TKM spokespersons refused to comment. Currently the Suzuki Baleno and the Toyota Glanza — both on the same platform — are made in Maruti’s Sanand factory in Gujarat. The Suzuki Vitara Brezza and the Toyota Urban Cruiser — which are also on the same platform — are made in Maruti’s Gurgaon factory. According to the earlier announced global alliance plans between Suzuki and Toyota, from 2022 onwards Toyota’s Bengaluru plant was supposed to produce Vitara Brezza. Now it will produce another model.
Stay informed with the latest Business News on Times of India. Explore updates on International Business, gain insights with Financial Literacy tips, and make use of Financial Calculators. Don’t forget to check the list of Bank Holidays in 2025, including Bank Holidays in January.
Ready to Master Stock Valuation? ET’s Workshop is just around the corner!
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