Toyota is developing and making electric vehicles and EV batteries in China, the Japanese automaker said Wednesday, under a new partnership with the Shanghai government. Toyota Motor Corp. also announced it will start producing batteries for EVs, hybrids and plug-ins at a new USD 14 billion facility in North Carolina, with shipping starting for North American models in April. The moves highlight Toyota's aggressive push in electric cars, a sector where some critics have said it's fallen behind rivals like Tesla and BYD at a time when the Chinese EV market is booming and the world's concerns about sustainability are increasingly crucial. Toyota is setting up a company in Jinshan district in southwest Shanghai for that effort, with production of the new Lexus EVs starting in 2027. Initial production capacity there totals 100,000 vehicles a year, which will create about 1,000 jobs, the world's top automaker said. The battery plant in the US will create some 5,000 jobs, according to ..
Toyota Kirloskar Motor on Saturday said its sales increased by 19 per cent year-on-year to 29,371 units in January. The company had dispatched 24,609 units in the same month last year. The company sold 26,178 units in the domestic market and exported 3,193 units last month. The continued momentum underscores the company's sharp focus on customer centricity, enhancing customer access across the country and increased emphasis on innovative value-added solutions, Toyota Kirloskar Motor (TKM) said in a statement. "In 2025, our efforts are to further strengthen the company's foothold in India. We will continue to optimise customer centricity through value-added services and seamless after-sales support, all aimed at creating delightful experiences," TKM Vice President Sales-Service-Used Car Business & Profit Enhancement Varinder Wadhwa said. The automaker's product strategy will be driven by the deep philosophy of a multiple pathway approach that strives to offer something to everyone
Japanese automaker posted a 3.7 per cent drop in global group unit sales last year, including those of compact car maker Daihatsu and truck unit Hino Motors
Two companies have identified fossil fuel reduction as common objective: TKM's Maru
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Hyundai and Kia saw their per-vehicle tailpipe emissions drop in their major markets of Europe and South Korea between 2018 and 2023
Toyota said in the memo that staff can continue to work from home on Fridays 'subject to business needs'
As part of the capital and business tie-up, Woven will appoint a director to IST's board and support rocket production by strengthening supply chains and corporate governance, IST said
The initial residents of Woven City will be composed mostly of the carmaker's own employees and their families, and will gradually expand to about 2,000 residents as part of its initial phases
Toyota Kirloskar Motor on Wednesday reported 29 per cent increase in sales at 29,529 units in December 2024 as compared to 22,867 units in the same month a year ago. The company sold 24,887 units in the domestic market and exported 4,642 units last month, Toyota Kirloskar Motor (TKM) said in a statement. The company said it recorded its best-ever calendar year sales in 2024 at 3,26,329 units. This was higher by 40 per cent as compared to 2,33,346 units sold in 2023. "The SUV and MPV segments being key contributors grew at 20 per cent over the same period last year. We are also observing a growing shift of consumer preferences towards vehicles offering sustainability, value proposition of dependability quotient, enhanced safety and better resale value which is boosting our sales," TKM Vice President, Sales-Service-Used Car Business, Sabari Manohar said. On the outlook, he said,"Given the existing trend, we are confident of further consolidating our market position thus playing a ..
Nuvama analysts said December is expected to bring encouraging results for the industry. PVs are predicted to achieve double-digit growth, propelled by strong performances from M&M, Maruti & Toyota
Honda is considering several options including a merger, capital tie-up or the establishment of a holding company, Executive Vice President Shinji Aoyama said
In the first eight months of this financial year, TKM sold 219,054 units and achieved a growth of 39 per cent year-on-year (Y-o-Y)
In Japan, which accounts for about a third of Toyota's worldwide output, production climbed 8%, bouncing back from weak numbers a year ago when an accident at a supplier's facility led to a partial
The Japanese automaker aims to bring the sales and production operations of its two Chinese joint ventures closer together, to improve efficiency, two of the people
The plan, which has not been previously reported, represents a strategic pivot by the world's top selling automaker in the world's largest car market
But heavy competition from Chinese brands in the world's biggest auto market, and a now-resolved production suspension of two models in the U.S. have started slowing its sales momentum in recent month
Still, recent sales and production figures have indicated a modest slowdown for Toyota. It faced a delivery suspension of two models in the United States and
Production for battery electric vehicles (BEVs) from Suzuki to begin in spring 2025