Suzuki Motor Corp (SMC) Chief Operating Officer Toshihiro Suzuki denied reports of an alliance with Toyota Motor, but conceded that the rival Japanese automaker taking over Daihatsu will toughen competition in India and elsewhere. In an interview, aided by an interpreter, he told Sharmistha Mukherjee, Ketan Thakkar and Satish John that Suzuki and Maruti will have to share development costs, but refused to commit on any possibility of the Indian unit's royalty payments reducing. Edited excerpts: There have been reports of Suzuki forming an alliance with Toyota... Both Suzuki and Toyota have denied (the reports)....
↧