Suzuki and Mitsubishi have inked an agreement today on Christmas eve for the OEM supply of Suzuki’s SOLIO compact MPV for Mitsubishi to rebadge for the Japanese domestic market. Suzuki will supply Mitsubishi about 800 units of the Suzuki SOLIO a month.
Mitsubishi, the seventh largest carmaker in Japan, aims to increase sales by expanding its lineup while Suzuki hopes to cut the production costs per vehicle through increased production. It is the first time the two car-makers have struck a car production deal for the domestic market.
Compact vehicles have gained popularity in Japan because of their fuel efficiency and small size allowing easy driving through narrow Japanese roads.
Suzuki hopes to sell 12,000 units a year, targeting current minicar and minivan owners. Prices start at 1.38 million yen.
via:carscoop
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