Toyota and Suzuki will begin discussing new joint projects in the fields of technological development, vehicle production and market development.
The outcome could see Toyota providing Suzuki with technological support for the development of a compact, ultra-high efficiency powertrain.
Suzuki models could also be produced by Toyota, for sale in India.
Both brands could collaborate to boost sales of Toyota and Suzuki models in India, Africa and other markets.
Last year Toyota and Suzuki announced the mutual supply of vehicles for the Indian market and other joint efforts.
Akioo Toyoda, Toyota president, said: “Suzuki was the first (among Japanese companies) to enter India and, together with the people of India, has been a presence for pulling India’s automotive society forward.
“As members of Indian society, Toyota, along with Suzuki, will do its best to enhance freedom and fun in a future mobility society and to make Made in India vehicles cherished in Africa and many countries around the world.”