Shadow banking crisis: State Bank of India tightens lending terms for auto dealers, says report
• 6 years agoAs part of the revised terms, State Bank of India, the largest bank in the country by assets has decided to halt lending to dealers of Hyundai Motor India unless they provide a minimum of 25% collateral, according to a memo
Self-driving car venture of SoftBank, Toyota to receive investment from five more Japanese automakers
• 6 years agoMazda Motor Corp, Suzuki Motor Corp, Subaru Corp, Isuzu Motors and Toyota unit Daihatsu will each take a stake of a few percent in the venture, the sources said.
Competition Commission of India probes allegations of anti-competitive conduct by Maruti Suzuki
• 6 years agoMaruti, majority-owned by Japan’s Suzuki Motor Corp, is a household name in India where it commands a 51 percent market share
Ford goes local in India, aims for bigger slice of competitive market; co develops low-cost dealership format
• 6 years agoIt’s early days yet, and Ford still accounts for less than 3 percent of total passenger vehicle sales in India, where analysts say it’s tough for auto manufacturers to make money.
Suzuki to start testing prototypes of electric vehicles in India by October
• 7 years agoThe company would launch EVs in India around 2020 in cooperation with Toyota Motor Corp.
Global Mobility Summit: Suzuki Motor Corp to start road test of electric vehicles next month, says chairman
• 7 years agoOsamu Suzuki said the company has decided to launch EV in India around 2020 in cooperation with Toyota Motor Corporation.
Toyota and Suzuki will mutually supply cars in India from 2019 to expand its presence in the country: Report
• 7 years agoSuzuki, through its unit Maruti Suzuki India Ltd, will supply Toyota with 30,000 to 50,000 units of its Baleno and Vitara SUV cars annually.
Toyota and Suzuki agree to team-up to sell electric vehicles in India from 2020
• 7 years agoThe partnership could help Toyota expand in India’s massive car market, where drivers prefer the type of affordable compact vehicles in which Suzuki excels.
Japan's Toyota and Suzuki in tie-up to sell electric vehicles in India by 2020
• 7 years agoThe announcement comes after the Toyota and Suzuki agreed in February to trade expertise in parts supplies and research and development.
Japan's Suzuki Motor Corp to pump in fresh investment of Rs 3,800 cr in Gujarat
• 8 years agoSuzuki Motor Corp along with its partners Toshiba and Denso will also invest around Rs 1,150 crore for a new unit to produce lithium ion batteries