Toyota

Toyota Kirloskar Motor to set up new manufacturing plant in Maharashtra

Toyota Kirloskar Motor on Monday said it will set up a new manufacturing plant in Maharashtra that will start production in the first half of 2029. While the company did not disclose investments on the new plant, it has been reported in Japanese media that parent Toyota Motor planned to invest about 300 billion yen (USD 1.9 billion) in Maharashtra for capacity expansion in India. The new vehicle manufacturing plant will be in the Bidkin Industrial Area, Maharashtra, India, Toyota Kirloskar Motor (TKM) said in a statement. "The new plant is planned to start production in the first half of 2029 and is aimed to strengthen Toyota's business foundation in the Indian market," it added. The plant will have a production capacity of 1 lakh vehicles per year and is expected to employ around 2,800 people, the company said. A new model SUV will be rolled out from the plant that would have main processes such as stamping, welding, painting and assembly, it added. The new plant is a part of ..

Toyota expects $4.3 bn hit from Iran war fallout amid supply disruptions

Toyota posted an operating profit of 569.4 billion yen ($3.6 billion) for the three months ended March 31, compared with 1.1 trillion yen a year earlier

Toyota to build 3 new assembly plants in Maharashtra to boost capacity

The new plants will bring Toyota's factories in India to six, with the other three existing facilities in the south

Toyota Motor sales fall for second month in March on West Asia slump

Global sales shrank 7.3 per cent from the same month a year earlier to 897,871 vehicles, with overseas sales down 7.2 per cent and those in Japan falling 7.8 per cent

Toyota appoints CFO Kenta Kon as new CEO in surprise leadership reshuffle

The shakeup coincides with a high-profile deal for the Toyota group, which is pushing to take Toyota Industries Corp. private in a tender offer that closes next week

Toyota enters India's electric vehicle market with Urban Cruiser Ebella

Toyota Kirloskar Motor enters India's EV market with the Urban Cruiser Ebella, a born-electric SUV developed with Maruti Suzuki, as it pursues a multi-technology electrification strategy

Toyota expands product range with 1st battery-electric Urban Cruiser Ebella

Toyota Kirloskar Motor is looking to expand its product range in the country with a mix of internal combustion engine models, hybrids and battery electric vehicles, catering to a diverse set of customers, according to a top company executive. The company, a joint venture between Japan's Toyota Motor Corporation and the Kirloskar Group, on Tuesday expanded its product range with the introduction of its first battery electric model Urban Cruiser Ebella in the country. It currently sells strong hybrid, diesel and petrol cars in the country. In an interaction with PTI, Toyota Kirloskar Motor Deputy Managing Director Tadashi Asazuma noted that the company is preparing for a product portfolio to cater to the emerging customer requirements in the country. "The trends are still not clear whether there is a real demand for battery electric vehicles (BEVs) or if the demand is shifting towards such models. But we still believe that as long as the customer requirement differs, we should prepa

Expect final CAFE 3 notification soon; will help industry prepare: Toyota

The government should soon come out with the final notification for the next phase of India's Corporate Average Fuel Efficiency standards so that the industry can prepare accordingly, according to a senior Toyota Kirloskar Motor executive. The government released draft rules for the latest Corporate Average Fuel Efficiency (CAFE) standards last year, which will regulate passenger vehicle fuel consumption and carbon emissions between April 2027 and March 2032. "With the CAFE norms supposed to be effective from 2027, it will be really good if the government can issue the final notification soon, because that will give clarity to work towards it," Toyota Kirloskar Motor Country Head and Executive Vice-President Vikram Gulati told PTI in an interaction. He noted that the regulation is important as it sets targets for lower carbon emissions for passenger vehicles. "We believe that this regulation has to be in sync with the other national programs of the government, and hence it must ...

After E20, India should now focus on flex fuel: Toyota country head

Toyota's India head says the country should now push flex-fuel vehicles, calling for lower taxes and pricing support as E20 stabilises and higher blends prove impractical for legacy fleets

Using Toyota's 'Mirai' car running on futuristic hydrogen fuel: Gadkari

Amid air pollution in Delhi, Road Transport and Highways Minister Nitin Gadkari on Thursday said the central government is giving priority to alternative fuels, and he has started using Toyota's 'Mirai' hydrogen fuel-cell car. "The futuristic fuel is hydrogen.. I have also got a car, which is hydrogen, and the car is from Toyota ... It gives the same comfort as Mercedes. The name of the car is Mirai, which is a Japanese word meaning future," Gadkari said during Question Hour in the Lok Sabha. The Union minister said the import of fossil fuel is costing India Rs 22 lakh crore, and it is also creating a lot of pollution. "Because of pollution, you are all facing the crucial problem; I am also facing the problem in Delhi," he said, as he expressed confidence that as India moves to alternative fuel, the country will become a net exporter of energy. During 202425, India imported around 300 million metric tons of crude and petroleum products and exported about 65 million metric tons. Th

Toyota recalls 11,529 Urban Cruiser Hyryders over dashboard component issue

Toyota Kirloskar Motor is recalling 11,529 units of its mid-sized SUV Urban Cruiser Hyryder to inspect and replace a dashboard component. The voluntary recall campaign is to inspect and replace the Combination Meter, if found faulty, in 11,529 units manufactured between December 9, 2024, and April 29, 2025. In line with its customer first philosophy and unwavering commitment to the highest quality standards, the automaker will continue to promptly address customer concerns and aim to deliver peace of mind by resolving issues quickly and conveniently, TKM said in a post on its Website. Toyota dealer representatives will contact affected customers, it added. In October, the company recalled Camry, Vellfire and Land Cruiser to reprogramme the Parking Assist ECU software.

Toyota to launch 15 new models in India, targets 10% market share by 2030

There are likely to be at least two new SUVs from Toyota's own brand, which will be designed to take on leading SUV-makers like Mahindra & Mahindra and Hyundai Motor

Tokyo auto show highlights technology but Trump's tariffs loom large

The Tokyo Mobility Show is highlighting more than just cars or the types of fuel they use from electric to hydrogen, but also various kinds of futuristic transport. Think scuttling robotic chairs, like the Uni-One from Honda Motor Co. The Tokyo-based maker of the Accord sedan says it is all about personal mobility as a mode for quick transport by 2035. Just sit on the boxlike machine as it zips around quietly. Toyota Motor Corp. showed a helicopter-like aircraft with six propellers, which was still in development in cooperation with US aviation company Joby. Such gadgetry, as well as more regular vehicles, are on display at the show, which runs through November 9 at Tokyo Big Sight exhibition space. It was previewed to media Wednesday, ahead of its opening to the public Thursday. Looming in the backdrop of the fanfare is the threat of auto tariffs under US President Donald Trump, raised to 15 per cent from 2.5 per cent, although an improvement from the 25 per cent he slapped on ...

Toyota arm keeping 150 million cars on road emerges as top earner

Toyota sold 10.8 million cars in 2024, a slight drop from the previous year but more than enough to surpass Volkswagen AG and maintain its title as the world's biggest carmaker for a fifth year

Toyota claws back China market share with $15,000 electric vehicle launch

The world's biggest carmaker notched another bumper month of sales in August, putting it on track for its first annual growth in China in four years

Toyota slashes FY26 forecast, warns of $9.5 bn hit from US tariffs

The world's biggest carmaker now sees ¥3.2 trillion in operating income for the fiscal year ending in March 2026

CleanMax, Toyota Tsusho India join hands to develop 300 MW green capacity

Renewable energy solutions provider CleanMax and Toyota Tsusho India have joined hands to develop 300 megawatt capacity of renewable energy projects in India. The new partnership aims to leverage synergies between both companies to develop and operate renewable energy projects for Japanese corporates in India, CleanMax said in a statement. The companies aim to set up the capacity by 2028. The partnership will provide comprehensive green energy solutions tailored to each company's needs, including rooftop solar projects, stand-alone ground-mount solar or wind projects, wind-solar hybrid projects and carbon credits. Kuldeep Jain, Founder & Managing Director, CleanMax, said, "The partnership...solidifies CleanMax's strategy around global collaborations focused on helping corporations reduce their carbon footprint, while enabling the company to achieve its growth targets in a more capital-efficient manner." Clean Max Enviro Energy Solutions Private Limited (CleanMax), a ...

Rare earth magnet shortage will be resolved soon: Toyota's Vikram Gulati

India's automobile industry is currently facing a rare earth magnet shortage after China -- which supplies over 80 per cent of India's magnet imports

Toyota shareholders vote to reappoint Akio Toyoda as chairman of group

Although major proxy advisers backed Toyoda's reelection, reversing their stance after voting against him in 2024, investors got a chance to air their grievances

Toyota Industries receives $33 billion buyout offer from group companies

The deal includes a tender offer for Toyota Industries shares at ¥16,300 each, 11% below its last closing price