Page 2 - Toyota Motor Corp

Toyota registers highest-ever monthly sales in January at 24,609 units

Toyota Kirloskar Motor on Thursday reported its highest-ever monthly wholesales in January with dispatch of 24,609 units, an increase of 92 per cent over same month last year. The automaker had dispatched a total of 12,835 units to dealers in January last year. Last month the company sold 23,197 units in the domestic market. It also exported 1,412 units of the Urban Cruiser Hyryder. "The company's MPV and SUV offerings continue to be our greatest strength with major contributions from the Innova Hycross, Urban Cruiser Hyryder, Innova Crysta, Fortuner and the Legender," Toyota Kirloskar Motor (TKM) Vice President, Sales-Service-Used Car Business Sabari Manohar said in a statement Other offerings such as the Camry Hybrid, Glanza, Hilux, Vellfire and the Rumion too have fuelled company's growth story, he added. TKM has temporarily suspended the dispatch of its three models Innova Crysta, Fortuner and Hilux in the country after irregularities were found in the certification tests

Toyota suspends dispatch of 3 models in India due to some 'irregularities'

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 holds lead as world's no. 1 automobile manufacturer for fourth year

Output, which refers to cars off the production line, grew 8.6 per cent to 11.5 million units. VW's deliveries increased 12 per cent to 9.24 million units in 2023

Toyota to roll out solid-state battery EVs in couple of years: Report

Solid-state batteries promise to dramatically improve the driving range of electric vehicles (EVs)

Auto major Toyota Kirloskar Motor sales up 45% at 233,346 units in 2023

Toyota Kirloskar Motor on Monday reported a 46 per growth in wholesales at 2,33,346 units in 2023. The company's wholesales stood at 1,60,364 units a year ago. Domestic sales accounted for 2,21,356 units in 2023 as compared to 1,60,364 units in 2022, Toyota Kirloskar Motor (TKM) said in a statement. Exports in 2023 were at 11,984 units, it added. "(The) growth of 46 per cent as compared to last CY (calendar year) came from across the product portfolio. The consistent month-on-month performance, coupled with a year-round upward trend, indicates a growing customer interest in all our line-up of cars," TKM Vice President of Sales and Strategic Marketing Atul Sood said. In December 2023, TKM said it sold 22,867 units, a growth of 119 per cent over 10,421 units sold in December 2022.

Toyota's global output surges 11% in Nov, sees record high on strong demand

Domestic sales for the month shot 27% higher, sales in both the United States and China increased by 17%, while those in Europe climbed 15%

Toyota's unit raided after fake tests lead to suspension of all shipments

Japanese transport ministry officials inspected Toyota subsidiary Daihatsu on Thursday, one day after officials announced it was suspending the small car unit's shipments of all vehicles in and outside Japan after an investigation found improper testing involving 64 models. The safety test irregularities earlier this year prompted an independent panel investigation, which found widespread and systematic problems at Osaka-based Daihatsu Motor Co. It is the latest of safety or other violations found at at least five of Japan's major automakers in recent years. On Thursday, transport ministry officials began a deeper investigation at Daihatsu's offices over the systematic safety scandal that apparently persisted for decades. It's extremely regrettable, Chief Cabinet Secretary Yoshimasa Hayashi said Thursday. It damaged the trust of car owners and has shaken the foundation of the automobile certification system. Hayashi urged Daihatsu officials to fully explain the situation. So far,

Toyota launches Innova Hycross GX Limited edition, costs Rs 20 lakh

Based on the lower GX variant, the Limited edition Innova Hyrcoss misses out on the more fuel-efficient hybrid engine option

Maruti to launch its own alternate for Innova in collaboration with Toyota

So far, as part of this collaboration, Toyota sells its Glanza which is the Baleno alternative and the Urban-cruiser which is nothing but a Toyota-branded Brezza

Akio Toyoda set to remain a force at Toyota, even as he bows out as CEO

Market reaction to Toyoda's announcement was muted - the automaker's stock price was little changed on Friday

Toyota Motor Corp's CEO Akio Toyoda to step aside, become chairman

Toyota Motor Corp. said Thursday that its CEO and president, Akio Toyoda, will become chairman. He will be replaced as CEO by the automaker's chief branding officer, Koji Sato. Toyota announced the leadership reshuffle without any forewarning, but it had a lively promotional video prepared to highlight Toyoda and Sato's love for electric vehicles and fast cars. Sato, 53, has been managing the Toyota group's Lexus brand operations and motor racing. Toyoda, grandson of Toyota's founder Kiichiro Toyoda, took over as CEO of Toyota in 2009. He will replace as chairman Takeshi Uchiyamada, who is giving up the title but will remain a representative director at the company. Toyoda had earlier hinted he was thinking about who might succeed him.

Kia India profit down 25% in FY22 as tax outgo slams the brakes

Kia is one of the few unlisted global carmakers in India that saw a contraction in profits

Rohan Murty wants to use data to make white-collar workers more efficient

The startup, based both in Boston and Bangalore, gets a real-time view of how people in teams get work done by using machine learning

Toyota reports 25% drop in Q2 profit, misses estimates amid soaring costs

TOKYO (Reuters) -Toyota Motor Corp on Tuesday posted a 25% drop in second-quarter operating profit, as soaring parts and materials costs outweighed a boost in overseas revenue from the plunging yen

Toyota marks turnaround in India, reports highest profit in four years

The company has worked towards meeting the mobility needs of consumers

Toyota misses April global production target due to Covid, parts shortage

Japan's Toyota Motor Corp said it missed its global production target for April as Covid-19 outbreaks and a parts shortage slowed its post-pandemic recovery

Toyota cuts June output plan again due to chip shortage and China lockdown

Toyota said there was "a possibility" that it could lower its full-year production plan of 9.7 million vehicles.

Toyota plans to make EV parts in India for domestic, export markets

The move follows the company's recent announcement that it will invest 48 bn rupees ($621 mn) in India to localise the supply chain for EVs, and is also part of its broader 2050 carbon-neutrality goal

Japan's economy rebounds on solid consumption, Omicron clouds outlook

Some analysts expect the economy to contract again in the current quarter as rising Covid cases and supply chain disruptions hit factory output

Toyota to spend $35 bn on line-up of 30 battery electric vehicles by 2030

By 2030, Toyota is aiming for annual sales of 3.5 million BEVs, CEO Akio Toyoda told a news briefing, equivalent to around a third of its current global sales