NEW DELHI: Maruti Suzuki India (MSI) on Wednesday said its board has approved supply of a derivative of compact SUV Vitara Brezza to Toyota Kirloskar Motor which will then sell the vehicle under its own brand name.
This will result in incremental sales for the company, MSI said in a regulatory filing.
Toyota and Suzuki had executed a memorandum of understanding on February 6, 2017 to begin concrete examination towards realisation of business partnership in areas including environmental technologies, safety technologies, information technologies, and mutual supply of products and components.
In pursuance to the same, in March last year, MSI board approved the supply of a product derivative of Baleno to Toyota Kirloskar, which currently sells the product as Glanza. (AGENCIES)
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