Suzuki Motor Corporation Press Release: Toyota and Suzuki to deepen collaboration

	MARUTI � SUZUKI
MSIL: COS: NSE&BSE: 2022/06_07
24th June, 2022
Vice President	General Manager
National Stock Exchange of India Limited	Department of Corporate Services
"Exchange Plaza", Bandra- Kurla Complex	BSE Limited
Bandra (E)	Phiroze Jeejeebhoy Towers
Mumbai - 400 051	Dalal Street, Mumbai- 400 001

Sub: Press Release

Dear Sirs,

Please find enclosed herewith the press release issued by Suzuki Motor Corporation in Japan today.

Kindly take the same on record.

Thanking you,

Yours truly,

For Maruti Suzuki India Limited

��-

Sanjeev Grover

Executive Vice President

& Company Secretary

Encl.: As above

MARUTI SUZUKI INDIA LIMITED

Head Office:	Gurgaon Plant:		Manesar Plant:
Maruti Suzuki India Limited,	Maruli Suzuki India Lirniled,		Maruti Suzuki India Limited,
1, Nelson Mandela Road, Vasant Kunj,	Old Palam Gurgaon Road,		Plot No.1, Phase - 3A, IMT Manesar,
New Delhi - 110070, India.	Gurgaon - 122015, Haryana, India.		Gurgaon - 122051, Haryana, India.
Tel: [phone], Fax: [phone]	Tel: [phone], Fax: [phone]		Tel: [phone], Fax: [phone]
E-mail id: [e-mail], www.marutisuzuki.com

CIN: L34103DL1981PLC011375

Press Release		June 24, 2022
	Toyota	Motor	Corporation
	Suzuki	Motor	Corporation

Toyota and Suzuki to Deepen Collaboration

in the Fields of Development and Production in India

- First production of Suzuki-developed model at Toyota Kirloskar Motor Pvt. Ltd.

Toyota Motor Corporation (Toyota) and Suzuki Motor Corporation (Suzuki) signed a memorandum of understanding for a business alliance in 2017. Since then, the two companies have been bringing together Toyota's strength in electrification technologies and Suzuki's strength in technologies for compact vehicles for joint collaboration in production and in the widespread popularization of electrified vehicles.

Toyota and Suzuki are promoting mutual supply of vehicles globally, which is one of the collaborations in the business partnership, and the two companies will now start production of a new SUV model developed by Suzuki at Toyota Kirloskar Motor Pvt. Ltd. (TKM) from August. Maruti Suzuki India Limited and TKM will market the new model in India as Suzuki and Toyota models, respectively. Furthermore, the two companies are planning to export the new model to markets outside India including Africa.

The powertrains of the new model to be on sale in India, will be equipped with mild hybrid developed by Suzuki and strong hybrid developed by Toyota. By bringing together strengths of both Toyota and Suzuki through the collaboration, the two companies will be able to provide a wide variety of vehicle electrification technologies to customers and contribute to the acceleration of electrification and the realization of a carbon- neutral society in India.

Including investment in expansion of collaboration in India, Toyota and Suzuki will remain committed to the achievement of the "Make in India" initiative promoted by the Indian government, and contribute to sustainable economic growth and to the vision of achieving net zero GHG emissions by 2070.

Toyota President Akio Toyoda said: "We are pleased to announce the new SUV with Suzuki, a company that has a long history of local involvement in the Indian business. Today, the automotive industry is facing various challenges such as electrification and carbon neutrality. By leveraging the respective strengths of Toyota and Suzuki to provide Indian customers with a variety of options, we hope to contribute to the reduction of CO2 emissions and realize a society where 'no-one is left behind' and 'everyone can move freely.'"

Suzuki President Toshihiro Suzuki said: "Production of the new SUV at TKM is a project that can contribute to the growth of India through providing eco-friendly mobility needed by customers. We recognize that it is a big milestone toward further deepening our collaboration in the future. We appreciate the support from Toyota, and at the same time, will explore new synergy and business opportunities through continuous collaboration."