Toyota, Suzuki vow to take partnership to next level
PTI Japanese auto majors Toyota and Suzuki on Monday agreed to begin concrete examinations for business partnership in areas of environment, safety and information technology along with supply of products and components.Toyota Motor Corporation and Suzuki Motor Corporation have agreed to start exploring ideas directed towards business partnership, as announced on October 12, 2016, the two companies said in a statement.“Since then, the companies have shared with each other their challenges and have been discussing areas of collaboration in a manner that ensures fair and free competition,” it added.“Toyota and Suzuki have agreed to work toward the early realisation of business partnership. To that end, the two companies are to immediately establish an implementation framework aimed at bringing to realisation the ...
Jaitley to meet key investors in Japan soon
The Dollar Business Bureau Finance Minister Arun Jaitley has plans to visit the Soft Bank CEO and the head of Suzuki Motor Corp head Osamu Suzuki as well as several other investors during his six-day trip to Japan. An official statement informed that Jaitley will leave for Japan, Saturday evening. Upon his arrival in Tokyo, he will meet the Chief Executive officer of Soft Bank Masayoshi Son to discuss the investment opportunities that India will present to the them. After that, on Day 2 he would meet the Japanese Prime minister Shinzo Abe and attend the 22nd International Conference on “The future Asia”, which is being organized by Nikkei Inc. The meeting with Suzuki head has been planned for May 31st after his participation ...
'Auto component makers must focus on quality to reduce imports'
The Dollar Business Bureau The automobile industry has asked their component suppliers to focus on developing technology-based high-end products through improvisation and innovation in order to match global quality standards and reduce imports. “What the industry has achieved in last 10 years is commendable. 3x (three times) growth in revenue, 5x (five times) growth in export, but at the same time export is lower than the import. That means approximately Rs.80,000 crore sitting there, which could come on this side of ‘Make in India’ when you import it,” said Pawan Goenka, Executive Director & Group President (Automotive & Farm Sector), Mahindra & Mahindra. “We still lack technology to develop high-end components,” Goenka said citing an example of air bags that are ...
