Page 5 - Toyota

Toyota Industries faces crackdown for engine emissions cheating: Report

"The regulator will weigh the severity of the misconduct before deciding whether to do the same for engines used in Land Cruiser vehicles and HiAce vans," the report said

President, chairman of scandal-hit Daihatsu unit to step down, says Toyota

Daihatsu's chairman, Sunao Matsubayashi, will also step down and not be replaced, Toyota said

Toyota Motor hikes annual profit forecast after Q3 beats expectations

TOKYO (Reuters) -Toyota Motor raised its full-year operating profit forecast by nearly 9% on Tuesday, after higher sales volumes and a weaker yen boosted its third-quarter results

Toyota boosts spending on EV production in United States by $1.3 billion

Toyota has taken a more cautious approach to introducing fully electric vehicles than peers such as Volkswagen AG and General Motors Co

Toyota supplier Denso cuts forecast after Q3 profit hit by extra costs

Denso gets about half of its revenue from the Toyota group, which also includes Toyota truck unit Hino Motors and small-car maker Daihatsu

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

Test cheating probe Toyota plant raided on 11.2 mn vehicles sales claim

Japanese transport officials raided the plant of a Toyota group company on Tuesday to investigate cheating on engine testing, as the company reported it kept its status as the world's top automaker in 2023, selling 11.2 million vehicles. Hours after the probe began at Toyota Industries Corp.'s plant in Hekinan, Aichi Prefecture, central Japan, Toyota Chairman Akio Toyoda vowed to steer the company out of scandal and ensure the Japanese automaker sticks to making good cars. My job is to steer the way for where the overall group should go, Toyoda said. He apologised, bowing deeply, and stressed the group vision was rooted in the Toyoda founding family's ideas of empowering the genba, or the workers on the plant floor, to make good cars that lead to people's happiness. The testing scandal comes at a time of otherwise stellar performance for Toyota, which makes the Camry sedan, Prius hybrid and Lexus luxury models. Its group global vehicle sales for 2023 were a record 11.22 million uni

Toyota aims to produce about 10.3 million vehicles globally in 2024

Toyota is preparing to increase production thanks to strong sales of hybrid vehicles. The shortage of automotive semiconductors and other components is also easing, the Nikkei said

Toyota to roll out solid-state battery EVs globally in a couple of years

Last year, Toyota and oil refiner Idemitsu Kosan said they would tie up to develop and mass produce all-solid-state batteries, which they aim to commercialise in 2027 and 2028

No such thing as EVs vs hybrids, both sister tech: Toyota EVP Gulati

Development of more hybrid cars to assist in lowering EV development costs

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'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

Toyota Kirloskar Motor reports 66% jump in sales in October to 21,879 units

Earlier this year, media reports stated that Japanese auto major Toyota is looking to set up a third manufacturing plant in India

Toyota pledges $8 billion more for US battery plant to rev up EV push

The company, which plans to have electrified options for all its models available by 2025, said the latest move will bring its total investment in the plant to about $13.9 billion

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

Multiple green tech in cars to help meet net zero targets in India: Toyota

There is a need to support a multi-pathway approach in terms of green technologies in cars in a country as big and diverse as India to achieve carbon neutrality goals, a senior Toyota executive said on Tuesday. Multiple technology solutions at different price points are required to cater to different sets of customers in order to cut carbon footprint, he noted. In an interaction here, senior Toyota executives emphasised on the need to treat all technologies fairly to achieve carbon reduction goals. Toyota Daihatsu Engineering and Manufacturing Co-Executive Vice President Pras Ganesh said India is large enough to utilise multiple solutions, including hybrid and battery electric technologies. He was replying to a query regarding Toyota's product road map strategy in the country where the government favours battery electric vehicles (BEVs) over hybrid cars in terms of taxation. The total tax incidence on hybrid vehicles in India is 43 per cent, inclusive of GST, while BEVs attract a

This Toyota battery can change the EV game

Japanese automaker Toyota is close to being able to manufacture solid-state batteries at the same pace as existing batteries for electric vehicles, according to a report. Watch the video for the detai

1,200-km range, 10-min charge: Toyota near solid-state battery breakthrough

If successful, Toyota said that solid-state batteries will double the range of EVs up to 1,200 km, and the charging time will be 10 minutes or less

In a letter, Toyota lobbies Centre to cut hybrid car taxes as much as 21%

India taxes EVs at just 5 per cent, while the levy on hybrids is as high as 43 per cent, just below the 48 per cent imposed on petrol cars