Business Standard

Wednesday, February 12, 2025 | 12:50 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Toyota

Toyota announces EV, battery push in China, US as quarterly profit surges

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 announces EV, battery push in China, US as quarterly profit surges
Updated On : 05 Feb 2025 | 1:25 PM IST

Toyota Motor's vehicle sales increase 19% to 29,371 units in January

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

Toyota Motor's vehicle sales increase 19% to 29,371 units in January
Updated On : 01 Feb 2025 | 11:43 AM IST

Toyota sells 10.8 mn vehicles in 2024, stays world's top-selling automaker

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

Toyota sells 10.8 mn vehicles in 2024, stays world's top-selling automaker
Updated On : 30 Jan 2025 | 10:19 AM IST

Toyota's tech, Suzuki's consumer expertise driving alliance in India

Two companies have identified fossil fuel reduction as common objective: TKM's Maru

Toyota's tech, Suzuki's consumer expertise driving alliance in India
Updated On : 26 Jan 2025 | 11:46 PM IST

Japan's Fuji TV loses sponsors amid sex scandal involving star host

Over 50 firms, including Nissan and Toyota, pulled ads from Fuji TV after a sex scandal involving host Masahiro Nakai and alleged cover-up surfaced

Japan's Fuji TV loses sponsors amid sex scandal involving star host
Updated On : 21 Jan 2025 | 3:31 PM IST

Toyota unit Hino Motors reaches $1.6 bn US diesel emissions settlement

The settlement, which still must be approved by a US judge, includes a criminal penalty of $521.76 million, $442.5 million in civil penalties to US authorities and $236.5 million to California

Toyota unit Hino Motors reaches $1.6 bn US diesel emissions settlement
Updated On : 16 Jan 2025 | 9:56 AM IST

Hyundai India's slow EV ramp-up hurts its decarbonisation plan: Greenpeace

Hyundai and Kia saw their per-vehicle tailpipe emissions drop in their major markets of Europe and South Korea between 2018 and 2023

Hyundai India's slow EV ramp-up hurts its decarbonisation plan: Greenpeace
Updated On : 14 Jan 2025 | 11:06 AM IST

Toyota wants salaried staff in office four days a week starting Sept 2

Toyota said in the memo that staff can continue to work from home on Fridays 'subject to business needs'

Toyota wants salaried staff in office four days a week starting Sept 2
Updated On : 14 Jan 2025 | 7:36 AM IST

Toyota backs Japanese space startup Interstellar to mass-produce rockets

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

Toyota backs Japanese space startup Interstellar to mass-produce rockets
Updated On : 07 Jan 2025 | 12:18 PM IST

Toyota to open futuristic city in Japan, will move in first 100 residents

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 to open futuristic city in Japan, will move in first 100 residents
Updated On : 07 Jan 2025 | 9:26 AM IST

Toyota Kirloskar Motor's December sales increase 29% to 29,529 units

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 ..

Toyota Kirloskar Motor's December sales increase 29% to 29,529 units
Updated On : 01 Jan 2025 | 3:41 PM IST

M&M, TVS & Uno Minda among top picks by Nuvama ahead of December auto sales

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

M&M, TVS & Uno Minda among top picks by Nuvama ahead of December auto sales
Updated On : 31 Dec 2024 | 8:06 AM IST

Nissan, Honda consider merger to take on world's biggest carmaker 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

Nissan, Honda consider merger to take on world's biggest carmaker Toyota
Updated On : 18 Dec 2024 | 8:04 AM IST

Expect same high growth momentum to continue in 2025, says Toyota

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)

Expect same high growth momentum to continue in 2025, says Toyota
Updated On : 11 Dec 2024 | 11:30 PM IST

Toyota's global output falls for ninth month in October, production dips

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

Toyota's global output falls for ninth month in October, production dips
Updated On : 28 Nov 2024 | 10:26 AM IST

Toyota plans to ramp up China production to regain market share by 2030

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

Toyota plans to ramp up China production to regain market share by 2030
Updated On : 11 Nov 2024 | 11:07 AM IST

Toyota to ramp up China production to bring sales, production more closer

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

Toyota to ramp up China production to bring sales, production more closer
Updated On : 09 Nov 2024 | 5:07 PM IST

Toyota posts first quarterly profit drop in two years on US, China woes

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

Toyota posts first quarterly profit drop in two years on US, China woes
Updated On : 06 Nov 2024 | 2:53 PM IST

Toyota to post 1st profit drop in 2 yrs as demand cools after big run

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

Toyota to post 1st profit drop in 2 yrs as demand cools after big run
Updated On : 05 Nov 2024 | 11:07 AM IST

Suzuki's India unit to manufacture first battery-electric SUV for Toyota

Production for battery electric vehicles (BEVs) from Suzuki to begin in spring 2025

Suzuki's India unit to manufacture first battery-electric SUV for Toyota
Updated On : 30 Oct 2024 | 12:38 PM IST