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The Haas Formula 1 team will get a new name next season, further showcasing its relationship with Japanese automaker Toyota. In a statement Thursday, the team said its name in 2026 will be TGR Haas F1 Team. The TGR stands for Toyota Gazoo Racing, which is the racing division of the Toyota Motor Corporation. Taking over the title sponsorship means Toyota is now more involved in F1 than at any time since it pulled its team out after the 2009 season. Haas and Toyota entered into the first stages of this technical partnership a year ago and the Haas car has been carrying Toyota's branding since. The partnership involves design and technical services but does not include a Toyota engine. Haas will run next year with Ferrari power, but it does move the company ever deeper into Formula 1. Toyota ran a team in F1 until the end of the 2009 season. It failed to win a race despite spending heavily. This move does not appear to mark a return to that level of involvement. It's naturally a ..
Toyota Kirloskar Motor aims to maintain sales volume growth in the current fiscal with plans to expand the sales network and introduce new models, according to a senior company executive. The automaker, which reported record sales in the last fiscal, expects demand for its SUVs and MPVs to remain robust in the ongoing financial year. In an interaction with PTI, Toyota Kirloskar Motor Vice President (Sales-Service-Used Car Business) Varinder Wadhwa said the automaker plans to increase its production capacity and explore electrification, including the introduction of battery electric vehicles as part of its commitment towards carbon neutrality. "We believe, with the kind of product portfolio we have now, right from the small cars to the flagship offering, increased production capacity and our network which is further going to be enhanced in tier II, tier III market...all this will further help the company to consolidate and help play a bigger role in the Indian automobile market," he
Woven City near Mount Fuji is where Japanese automaker Toyota plans to test everyday living with robotics, artificial intelligence and autonomous zero-emissions transportation. Daisuke Toyoda, an executive in charge of the project from the automaker's founding family, stressed it's not a smart city. We're making a test course for mobility so that's a little bit different. We're not a real estate developer, he said Saturday during a tour of the facility, where the first phase of construction was completed. The Associated Press was the first foreign media to get a preview of the USD 10 billion Woven City. The first phase spans 47,000 square metres, roughly the size of about five baseball fields. When completed, it will be 2,94,000 square metres. Built on the grounds of a shuttered Toyota Motor Corp auto plant, it's meant to be a place where researchers and startups come together to share ideas, according to Toyoda. Ambitious plans for futuristic cities have sputtered or are unfinis
Toyota Kirloskar Motor on Sunday reported a 35 per cent growth year-on-year in total wholesales at 30,879 units in August. The automaker had reported a dispatch of 22,910 units in both domestic and exports in the same month last year. "As we approach the festive season, demand for our products remains buoyant, and we are already witnessing increased consumer interest and higher footfall across all our dealerships," Toyota Kirloskar Motor Vice-President, Sales-Service-Used Car Business, Sabari Manohar, said in a statement. SUVs and MPVs continue to significantly contribute to the company's sales numbers, reflecting a growing preference for these segment vehicles, he added. Interestingly, this trend is not limited to major urban centres but extends to tier-2 and tier-3 markets as well, demonstrating widespread customer acceptance for TKM offerings, Manohar said. As a response to the market needs, the automaker reopened the bookings in August for the Innova Hycross ZX & ZX (O) ...
Toyota Kirloskar Motor on Friday said it has signed a memorandum of understanding (MoU) with Union Bank of India for providing vehicle financing solutions. Under the partnership, customers can get up to 90 per cent financing on the on-road price of any Toyota vehicle purchased for private use, exempting them from any foreclosure, or part-payment charges, the company said in a statement. Besides, private vehicle customers can opt for flexible tenures up to 7 years with interest rates starting from 8.8 per cent per annum. At present, commercial vehicle customers can opt for flexible tenures up to 5 years with competitive rates, it added. "This collaboration signifies our dedication to providing exceptional customer experiences by simplifying and making vehicle financing more accessible. Our goal is to streamline financing options, offer seamless experiences, and provide timely support to make the vehicle purchase process enjoyable," Toyota Kirloskar Motor (TKM) Vice President, ...
Toyota Kirloskar Motor on Wednesday said its wholesales increased 32 per cent year on year to 20,494 units in April. The automaker had dispatched 15,510 units to its dealers in April 2023. The growth momentum was sustained despite a week-long maintenance shutdown from April 6 for upkeep of machinery and equipment to sustain operational efficiencies, productivity and safety, the company said in a statement. Last month, the company said its domestic sales accounted for 18,700 units while exports totalled to 1,794 units. "Our product strategy resonates the strong connect with the market thanks to the diversified portfolio," Toyota Kirloskar Motor Vice President, Sales-Service-Used Car Business Sabari Manohar said.
Japanese automaker Toyota will oversee model certification at its subsidiary Daihatsu to regain trust among dealers, customers and workers after a safety testing scandal, Daihatsu's new president said Monday. Toyota Motor Corp. will take a leadership role in various areas, including product development and procurement, said Masahiro Inoue, who took the helm of Daihatsu in March. I have been spending each and every day, vowing to revive Daihatsu, said Inoue, who previously oversaw Toyota's business in South America. His predecessor at Daihatsu resigned after the allegations of widespread cheating on safety testing surfaced last year. A third-party review found violations, such as testing just one side of a car instead of both, had persisted for decades. Production at Daihatsu Motor Co was halted by a government order until proper tests can be done and a system set up to prevent a recurrence. Only some production has since resumed. Daihatsu is known for smaller kei" cars and off-road
Toyota Kirloskar Motor is temporarily suspending the dispatch of its three models -- Innova Crysta, Fortuner and Hilux -- in the country after "irregularities" were found in the certification tests for the diesel powertrain. Toyota Industries Corporation (TICO), a company affiliated with Toyota Motor Corporation (TMC), on January 29, 2024, announced that irregularities in horsepower output certification tests were found on three diesel engine models. In case of India, such engines are used in Innova Crysta, Fortuner and Hilux. "The irregularities concern the smoothing of power and torque curves but did not lead to any over-stating or over-claims on horsepower, torque or other powertrain related values," a Toyota Kirloskar Motor (TKM) spokesperson said in a statement when contacted over the issue. The issue does not have any impact on the emissions or safety of the affected vehicles, the company stated. "Toyota is working with relevant authorities to re-confirm the data used for th
Toyota Kirloskar Motor on Wednesday said it expects to continue the strong momentum next year after closing 2023 with record sales as rising demand from tier II and III markets is slated to fuel further growth. The company is set for a record year in terms of sales in 2023. It has already clocked a total of 2,10,479 units in the January-November period of 2023, beating the previous highest yearly sales of 1.72 lakh units in 2012. "At TKM (Toyota Kirloskar Motor), we are equally confident for the next year, fuelled by the rising demand from tier II and III markets and overall buoyant customer sentiments. Our primary focus is on further elevating the customer experience to meet their evolving needs," company Vice President of Sales and Strategic Marketing, Atul Sood said in a statement. Further, he said the company is also "looking forward to creating a lot more buzz around our sustainable offerings in the mass electrification space, contributing to our goal of carbon neutrality". So