Yoshimura said the taxation system in India was 'very complicated'
As per the agreement, Suzuki supplies premium hatchback Baleno and compact SUV Vitara Brezza to Toyota, while Toyota supplies sedan Corolla to Suzuki
Among the models under the microscope: the subcompact Yaris, whose US sales have plummeted this year
The recall, which includes Prius and Auris models, covers vehicles produced between October 2008 and November 2014
The company is implementing this recall in India to inspect engine wire harness and correct, if required, Prius vehicles manufactured between June 2015 to May 2018
Toyota said that in affected vehicles, the wire harness which connects to the hybrid power control unit can come into contact with the covering at the connection point
Chief executive Akio Toyoda and chief financial and risk officer Koji Kobayashi want to follow the example of Tesla, Google and Tencent
Grab, which is headquartered in Singapore, is a leading player in the ride-share industry in Asia, and earlier this year agreed to acquire US giant Uber's regional operations
This has been a difficult year for the company because of GST and increasing pressure on its under-utilised capacities
Toyota Kirloskar Motor (TKM) today reported a 15.32 per cent decline in domestic sales at 10,793 units in December 2017. The company had sold a total of 12,747 units in the same month previous year in the domestic market, TKM said in a statement. TKM exported 812 units of the Etios series in December 2017 compared to 1,346 units in December 2016, a decline of 39.67 per cent. In 2017, the company sold a record 97,000 units in the domestic market, a growth of 5 per cent over 2016. "With maximum utilisation of Plant I capacity to 97 per cent we were able to cater to the increase in customer demand of Innova and Fortuner," TKM Director and Senior Vice President Sales & Marketing N Raja said. He added that sales of Camry Hybrid were negatively impacted with the steep rise in price post applicable tax as per GST framework. "We hope that the new year will bring in positive sentiment in the market for Hybrid. Toyota will continue to have a strong focus on Camry Hybrid in th
Toyota Motor believes the industry has entered a phase of "competition and coordination" that involves entities from other industries
Britain's car industry is increasingly anxious that its exports could face tariffs and other barriers after 2019
It comes on Toyota's plea seeking to restrain a firm from infringing its registered trademarks
Toyota Motor said it will commercialise rehabilitation robots later this year
(Reuters) - Japanese automaker Toyota Motor Corp <7203.T> said it is spending $1.33 billion in its Kentucky plant as part of a plan to invest $10 billion in the United States over the next five years.
Toyota Kirloskar Motor (TKM) today reported 80 per cent increase in its sales in March at 13,800 units driven by its Innova Crysta and new Fortuner models. The company had sold 7,637 units in the same month last year. For the fiscal 2016-17, TKM posted a growth of 11 per cent at 1,42,500 units as against 1,28,500 units in the previous fiscal. "Our growth has been largely driven by Innova Crysta and Fortuner. We have so far delivered 75,000 units of Innova Crysta and 10,350 units of Fortuner in five months since its launch," Toyota Kirloskar Motor Director and Senior Vice-President Sales & Marketing N Raja said. The robust demand of the two vehicles helped the company make up for five months of absence in Delhi-NCR region during the fiscal when diesel cars and SUVs with engine capacity of 2,000cc and above were banned, he added. "Earlier in the fiscal, when the ban was on in Delhi-NCR we were looking at flat growth but in the last few months of the year our sales have picked .
The fresh funds would be used to update its Burnaston factory
GENEVA (Reuters) - Toyota Motor Corp <7203.T> expects to increase its European sales by 5 percent this year to 975,000 vehicles and maintain its market share of around 5 percent, buoyed by the popularity of hybrids, its regional head said on Monday.
Year 2016 was the most condensed year, said Akito Tachibana, managing director, Toyota India
The company is pushing for hybridisation in India, a market which it has described as a crucial one