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Toyota, Suzuki expand scope of partnership

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New Delhi: Toyota Motor Corporation and Suzuki Motor Corporation agreed to start discussing new joint projects in the fields of technological development, vehicle production, and market development mainly for sale in the Indian market through retail outlets of Maruti Suzuki India Ltd and Toyota Kirloskar Motors. After having concluded a memorandum of understanding toward business partnership on February 6, 2017, Toyota and Suzuki have been pursuing concrete forms of cooperation. “The two companies have also been broadening the scope of their partnership considerations to include joint efforts related to production and market development,” the two automobile giants said.