Toyota and Daihatsu to develop compact vehicles for emerging markets like India
Toyota Motor Corporation and its fully owned subsidiary Daihatsu Motor Co plan to establish an internal company that will be responsible for compact vehicles for emerging markets, from product planning to production preparation.This is the result of both companies having agreed on each company's role in strengthening their compact vehicle operations in emerging markets to help them attain their joint goal of achieving sustainable growth.Toyota and Daihatsu will work toward establishing the internal company in January 2017.
Toyota to sell small cars developed with Daihatsu
TOKYO -- Toyota Motor Corp. and its Daihatsu minicar subsidiary are forming a new company to focus on compact vehicles for emerging markets, as Toyota prepares for new battlegrounds in regions expected to see rapidly growing demand.Toyota and Daihatsu, which was brought under full ownership by Toyota this year, aim to set up the new company in January.The new organization, to be established under the umbrella of Toyota, would develop small cars for sale under the Toyota brand, a spokesman said.
Toyota & Daihatsu To Set Up Joint Company For India
It is indeed a good move by Toyota to bring Daihatsu to India as it has not been very successful in the compact vehicle segment.Daihatsu might be able to fill that gap for Toyota in India.