Page 5 - Toyota Motor

Tata Motors urges India to keep hybrid tax as Toyota seeks cut -sources

The lobbying is the latest by Tata aimed at protecting its dominant EV market share. Tata is also pushing back against Tesla's attempts to secure lower levies for imported EVs, Reuters has reported

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.

Year ender 2023: Top auto launches of the year and what to expect in 2024

In 2023, Maruti Suzuki launched the Baleno-based crossover, Fronx, Brezza's facelift, and an all-new Grand Vitara in the SUV space and grabbed more than 50% share of the segment

Japan automakers to invest $4.3 bn in Thailand over 5 years: Thai govt

Toyota Motor and Honda Motor will invest about 50 billion baht each, while Isuzu Motors will invest 30 billion baht and Mitsubishi Motors 20 billion baht, spokesperson Chai Wacharoke said

Toyota's Daihatsu to halt all vehicle shipments, in widening safety scandal

Toyota Motor's Daihatsu unit will halt shipments of all of its vehicles, Japan's biggest automaker said on Wednesday, after a safety scandal investigation found issues involving 64 models

India to act as automaker Toyota Motor Corporation's regional Hub

Japanese auto major Toyota Motor Corporation on Friday announced a regional restructuring with India being integrated into its 'Middle East, East Asia & Oceania Region' operations and slotting the country to act as the hub of the new geography. As part of this development, Masakazu Yoshimura, MD and CEO of Toyota Kirloskar Motor (TKM) -- the company's joint venture in India with the Kirloskar group -- will concurrently be the Regional CEO, Toyota Motor Corporation (TMC) said in a statement. "Currently, as a part of the Asia Region, the Indian market already enjoys high priority. With this change, India will now play an even more crucial role by being integrated into the Middle East, East Asia & Oceania Region and acting as the hub of the new 'India, Middle East, East Asia & Oceania Region' starting January 1, 2024," it said. TMC further said, "The new reorganisation, which underlines the growing significance of India in Toyota's global business landscape, reflects the ...

Toyota Kirloskar Motor to invest Rs 3,300 cr to set up new Karnataka plant

Toyota Kirloskar Motor on Tuesday announced plans to invest Rs 3,300 crore to set up its third plant at Bidadi in Karnataka. The new unit, which will commence production by 2026, will have an annual capacity of 1 lakh units in two shifts. It will come up at the company's existing facility at Bidadi, near here where it currently has two units with a combined installed production capacity of up to 3.42 lakh units annually. The new plant, apart from producing multi-utility vehicle Innova HyCross, will be "future ready" to roll out models spanning across different fuel technologies, Toyota Kirloskar Motor (TKM) Executive Vice President & Country Head Vikram Gulati told PTI. "I believe, we are as a company future-ready, both in terms of access to technology, access to well-accepted products across various powertrains as also access to the ability to bring these products to market," he said. He further said in the industry, it doesn't take too much for the same line or some lines to be

Toyota fined $60 m for lending abuses, soiling credit reports: US regulator

Toyota Motor Credit, the automaker's U.S.-based lending arm, will pay a $12 million civil fine and $48 million to car buyers harmed since 2016

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

Global debut of Toyota's ninth-gen Camry, gets petrol-hybrid powertrain

It gets a 2.5-litre petrol hybrid engine that returns 225 HP. The car also gets an all-wheel drive variant which gets an additional motor generator that produces a little more power at 232 HP

Car sales to cross 4 mn mark this year on strong demand despite price hikes

Carmakers are expecting sales of 4.10 to 4.17 mn cars this calendar year. This is 8-10% more than the sales registered in 2022, despite the high base of last year

Toyota initiates process to enhance manufacturing capacity in India

Japanese auto major Toyota Motor Corporation has initiated the process to enhance manufacturing capacity in India with two plants running at full capacity in the country, a senior company official said on Thursday. Speaking to media on the sidelines of the Japan Mobility Show here, Toyota Motor Corporation Board Member and Executive Vice President Yoichi Miyazaki confirmed the development and said the company is reaching full plant capacity utilisation in India. "We have started a discussion (on the matter)," he said when asked if the company is looking to make fresh investment on capacity enhancement in the country. He said the demand for automobiles, especially higher segment cars, has surged in India post Covid. "After Covid, the market recovery is very strong (in India) in comparison to other countries so we believe demand itself is very strong in India," the company executive said. Bengaluru-based Toyota Kirloskar Motor, a joint venture between Toyota Motor Company and Kirlos

As auto shipments to US, Europe climb, Japan's exports rise, imports drop

Japan's exports climbed 4.3% in September from a year earlier as shipments of vehicles, machinery and electronics rose while imports of oil and gas fell sharply, the government said Thursday. Exports totaled 9.2 trillion yen ($61 billion) in September while imports fell 16.3% from the year before to 10.9 trillion yen ($72 billion), according to provisional customs data released Thursday. That left a positive balance of 62.4 trillion yen ($410 billion), the first monthly trade surplus in three months. September's increase in exports was the biggest gain since March and was stronger than analysts had expected. The figures suggest strong activity in Japan's vital manufacturing sector despite faltering global demand. Economists said the drop in imports was mainly due to base effects from the year before. In the first half of Japan's fiscal year, from April-September, exports edged up just 1.4% from a year earlier, to a record 50.2 trillion yen ($330 billion) while the trade deficit sh

Hybrid cars optimal solution to scale electrification of vehicles: Toyota

Japanese auto major Toyota on Thursday said hybrid cars will be an "optimal solution" to build scale for increased use of electrified vehicles in India, according to a senior executive. In a virtual press briefing with global media prior to Japan Mobility Show, Toyota Daihatsu Engineering and Manufacturing Co Executive Vice President Pras Ganesh said multiple green technologies were required to cater to varying needs of different regions in a vast country like India. "The hybrid electric vehicle we think is maybe an optimal solution to begin scale in terms of electrification..around 40 per cent of the distance and around 60 per cent of the time on a hybrid electric vehicle based on Indian statistical testing, is actually on zero emission," he noted. It's a very good solution without the need for any additional infrastructure, Ganesh said. He noted that looking at the size of the country, multiple solutions were required when it came to offering electrified vehicles. "Even if you t

Toyota Motor plans third India plant, new SUV as domestic sales surge

The world's biggest car maker wants the plant to start with capacity of 80,000-120,000 vehicles a year, which could grow to around 200,000 over time

Toyota Motor keeps up the push to prove it can embrace new technology

The world's largest carmaker invited a clutch of journalists on a tour of three factories in Aichi prefecture, near its headquarters in the city of Toyota, last week for another peek

ADAS: The new buzzword in car market, everything you need to know about it

ADAS can detect lane departures and can either warn the driver about the lane departure or, in higher-level ADAS cars, take control of the steering and put the vehicle back in the lane

Toyota records highest-ever monthly sales at 22,910 units in August

Toyota Kirloskar Motor (TKM) on Friday reported its best-ever monthly sales at 22,910 units in August. The company's total dispatches to dealers increased by 53 per cent last month to 22,910 units as compared with 14,959 units in August 2022. The company said it sold 20,970 units in the domestic market last month. Exports stood at 1,940 units last month, it added. "Strong sales volume and enhanced demand showcase customers' ever-growing affinity for the brand. Toyota Urban Cruiser Hyryder and Innova Hycross continue to register a strong demand," TKM Vice President of Sales, and Strategic Marketing Atul Sood said in a statement. The Innova Crysta, Fortuner and Legendar are witnessing sustained segment leadership, he added. "Encouraged by the overwhelming response to our entire portfolio, we are constantly working on expanding our product portfolio to offer customers wider choices. In-line with the same, we announced two new launches in the month of August," Sood said. The company

Toyota Motor to resume Japan plants after rare system malfunction

The company doesn't suspect it's the victim of a cyberattack, the spokesperson said