Toyota Motor

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

Lexus unveils futuristic six-wheel concept car at Japan Mobility Show 2025

The company, which once worked to catch up with European automakers, now seeks to move beyond imitation toward innovation and originality

Toyota Motor posts record first-half as US offsets Japan and China

The world's biggest carmaker has managed to achieve overall growth, despite volatility in China and trade tensions brought about by President Trump's tariffs on cars and parts imported to the US

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 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

Toyota Industries likely to accept $42 billion takeover bid by group firms

Once the tender offer is accepted, the group companies are expected to take Toyota Industries private. The acquisition is estimated to be valued at around 6 trillion yen (approximately $42 billion)

Toyota Motor's sales rise 22% to 30,864 units in May on strong demand

Toyota Kirloskar Motor on Sunday said its sales increased 22 per cent year-on-year to 30,864 units in May. The company's wholesales to dealers in the domestic market stood at 29,280 units last month while exports were at 1,584 units. In May 2024, TKM had sold a total of 25,273 units. "With the onset of monsoon and forecasts indicating a normal to above-normal season, we remain optimistic about improved market sentiment in the coming months, particularly across rural and semi-urban regions," Varinder Wadhwa, Vice President, Sales-Service-Used Car Business, said in a statement. With this, backed by vast product portfolio and innovative campaigns, the company is well-positioned to maintain the growth trajectory, he added.

Toyota to shift some GR Corolla production to UK, eyes faster US deliveries

By shifting some production from Japan, Toyota aims to use excess capacity in Britain to help it cut delivery wait times for the car

3 upcoming Toyota cars launching in 2025-26 in India, details inside

Toyota plans to introduce 3 new SUVs, including hybrid and electric models, in India in 2025-2026. Toyota is now making a strong comeback with the Fortuner, Urban Cruiser, and Hyryder

Toyota faces biggest hit from Trump tariffs among global automakers

The huge tariff hit reflects the company's decision to hold the line on sticker prices at US dealers and production volumes at its 11 American factories amid the start of bilateral trade negotiations

Toyota posts strong sales but remains cautious on profit amid rising costs

Japan's top automaker Toyota reported record sales for the fiscal year through March on Thursday, but its profit for the latest quarter faltered partly because of a certification scandal. Toyota Motor Corp.'s January-March net profit totalled 664.6 billion yen (USD 4.6 billion), down from 997.6 billion yen the same period a year ago. Quarterly sales totalled 12.36 trillion yen (USD 85.9 billion), up from 11 trillion yen. Toyota has been strengthening the testing system of its vehicles after acknowledging wide-ranging fraudulent testing, including the use of inadequate or outdated data in crash tests, incorrect testing of airbag inflation and engine power checks. Akio Toyoda, Toyota's chairman and the grandson of the automaker's founder, has apologised. The wrongdoing did not affect the safety of vehicles already on roads, which include the popular Corolla subcompact and Lexus luxury vehicles. But the scandal has been a major embarrassment for a manufacturer whose brand has been ...

Mega buyouts can support, not hinder Japan Inc's reform despite Toyota deal

Toyota Industries said this weekend there was at this moment no buyout proposal by the Toyota group or the family, adding it has received various proposals

Toyota eyes volume growth this financial year on sales infra push, SUVs

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

Toyota launches its cheapest smart EV in China in bid to boost market share

Toyota and its Chinese partner, state-owned Guangzhou Automobile Group (GAC), had first unveiled the car at an autoshow in Beijing last year

After GM backs out, Toyota aids LG battery plant with $1.5 billion order

GM said in December it would sell its $1 billion stake in the Lansing, Michigan, plant, leaving LG scrambling to find new customers

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 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 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

EVs on anvil, part of multi-tech approach to combat emission: Toyota

Japanese auto major Toyota will launch electric vehicles in India, as part of its multi-technology approach towards combating carbon emission in the country, which EVs alone cannot tackle, according to top officials of the company's Indian arm. The company feels that under the current circumstances, strong hybrid is the most practical solution supplemented by other technologies, including electric, flex fuel, electrified flex fuel, and plug-in hybrid in India, Toyota Kirloskar Motor & Lexus India, Deputy Managing Director - Sales-Service-Used Car, Tadashi Asazuma told PTI. "India itself is one of the most important country markets that we recognise. So in terms of the technologies, we are thinking of how to contribute to the Indian auto market, what will best suit India. "However, as of now, we think that the strong hybrid is a kind of practical answer to start with," he said here in an interview on the sidelines of the Auto Expo held as part of the Bharat Mobility Global Expo ...