Toyota and Suzuki have announced the conclusion of a basic agreement which will see a mutual supply of hybrid and other vehicles between the two companies for the Indian market.

Specifically, Suzuki is set to provide the Baleno and Vitara Brezza models to Toyota, while Toyota will supply the Corolla Altis to Suzuki. The vehicles will be sold by the respective Indian subsidiaries of both companies through their sales networks.

The announcement added that specific details such as vehicle specifications and pricing as well as the schedule of the start of supply and the number of units that will be provided will be considered at a later stage. The automakers said that in line with the “Make in India” initiative promoted by the Indian government, they will strive towards realising this vision by procuring components locally to the best extent possible.

The two automakers have been exploring concrete projects for collaboration in a variety of areas, including that of a mutual supply of products and components, since signing a memorandum towards a business partnership in February last year.

In November 2017, both companies announced that they had inked a memorandum of understanding to consider a cooperative structure for introducing battery electric vehicles in the Indian market sometime around 2020.

GALLERY: Suzuki Baleno 1.4L, GIIAS 2017

GALLERY: Maruti Suzuki Vitara Brezza