Toyota Motor Corp. is halting the work of its production facilities in the United Kingdom, as well as France, following the emergence of the new coronavirus strain, a report said
Labour unrest is not new to this 23-year-old plant - there have been at least four since it was set up, with one lockout in 2014 stretching for over a month
Though state labour dept ordered workers to call off strike and resume operations on Nov 19, company says less than 10% returned, forcing it to extend lockdown four days later
Main production unit at Bidadi running with skeletal staff, producing less than 100 units a day from 450-500 units normally
The labour strike is over the suspension of a worker
Toyota Kirloskar Motor has said its Dhanteras retail sales spiked 12 per cent this year as compared to last year and it expects November volumes to be more bullish over the previous month. The automaker in a late evening statement on Friday also said that apart from other factors, pent-up demand coupled with festive season sales have also contributed to the oversales volume of October and November so far. "There has been a 10-13 per cent increase in order taking this year on Dhanteras when compared to the same period last year. Dhanteras in 2020 has been celebrated over two days in various parts of the country and hence in terms of retail sales also, we have witnessed a 12 per cent growth when compared to Dhanteras last year," Naveen Soni, Senior Vice President, Sales & Service, Toyota Kirloskar Motor (TKM) said in the statement. TKM is hoping that sales in November will be more bullish when compared to October sales, he said. Dhanteras is an auspicious day for buying gold, silver
The firm, however, denies the shutdown would hurt deliveries as of now
Toyota announced the launch of its first regional stockyard in Guwahati, which aims at reducing delivery time from the current 13 days to a maximum of two days for dealers in the northeastern states
Following the pact, BoB will be one of the preferred financiers for the entire range of vehicles sold by TKM, the bank said in a statement
First off the block will be a new multi-purpose vehicle (MPV) which is being co-developed with Toyota - Suzuki's alliance partner. The model will also wear a Toyota badge
Toyota Kirloskar Motor said it has joined hands with Myles Automotive Technologies to expand its car subscription service for individual customers in Delhi NCR, Mumbai, and Bengaluru
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Toyota said it remains deeply committed to the Indian market, refuting once again the claims by a senior company official earlier that it would stop further expansion in India over high taxes
Toyota, one of the world's biggest carmakers, began operating in India in 1997. Its local unit is owned 89% by the Japanese company and has a small market share
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The amount is equal to nearly 4% of their combined net sales