The US on Tuesday slapped a record 17.35 million fine on the world's biggest automaker, Toyota Motor Corporation, for "failing" to report safety defects to regulators within five days as required by federal law.
It seems like after Tata Nano, Maruti Cervo and Bajaj-Renault-Nissan's ultra-low-cost car plans it's Toyota's turn to bring out a product for the entry level segment.
The Japanese multinational automaker's Lexus cars will be sold in India through an exclusive network of dealerships by 2013, executive vice-president Yukitoshi Funo said on Monday.
Toyota Kirloskar, as part of its expansion plans to set up a small and compact car manufacturing unit, would invest about Rs 3,200 crore (Rs 32 billion), creating 2,000 jobs, home minister V S Acharya told reporters after a Cabinet briefing.
The auto maker had a profit of 353.65 billion yen in the same period a year ago, Toyota said in a statement. Total net revenues declined to 3,836 billion yen for the first quarter of the current fiscal (2009-10) as against 6,215.13 billion yen in the corresponding period a year ago.
Britain's Sun newspaper reported that Ralf was on the verge of signing a five-year deal with the Japanese manufacturer.
The world's largest carmaker, Toyota on Wednesday said it will bring its sports utility vehicle Fortuner in India by September this year, expected to be priced at about Rs 20 lakh.
The new Innova is more expensive than the old one, with the top-end model costing over Rs 20 lakh
Camry is the highest grossing vehicle from the Toyota clan in the global market.
Launch of Etios Cross, upgraded Corolla likely to see delay of at least 2 months.
Japanese auto major Toyota will hike prices of its vehicles across all models in India by up to 3 per cent from January to offset rising input costs.
Toyota Kirloskar Motors plans to sell 45,000 units of its newly launched passenger car 'Innova' in 2005, with 4500 units in the first month itself.
Japanese auto major Toyota on Wednesday said it could launch a small car in India within two years and its second plant may come up at the existing location in Bangalore.
The first investigation completed on Monday resulted in a $16.375 million fine over Toyota's recall of nearly five million vehicles with accelerator pedals that could become entrapped by floor mats.
The heart breaking Japanese catastrophe and huge booking orders of Etios saloon being the respective reasons.
22 million vehicles recalled in 2013: US safety agency
Toyota Motor Corporation, one of the world's biggest automakers, on Thursday set the ball rolling for a compact car for the Indian market by laying the foundation stone for a Rs 1,400-crore (Rs 14 billion) factory near Bangalore.
At a time when consumers increasingly embrace green mobility solutions, it is not electric cars but hybrids that are taking the lead, as automotive sales data indicate. Since January, 64,097 electric cars have been sold compared to 266,465 hybrids, according to data from the ministry of road transport and highways' Vahan dashboard. Hybrid car sales have surged from 4.42 per cent of the 4.1 million cars sold in calendar year 2022 to 7.2 per cent this year.
Carmakers, including Toyota, Honda, Nissan Motor Co and BMW, in 2013 recalled 3.6 million vehicles because of problems with the airbag inflator that could potentially explode and injure the driver or passengers.
With 25 per cent sales growth in the multi-utility vehicle segment, other car makers rushing in, too.
Boardroom shuffle in Toyota may lead Takeshi Uchiyamada to become chirman, speculate executives.
At a time when consumers increasingly embrace green mobility solutions, it is not electric cars but hybrids that are taking the lead, as automotive sales data indicate. Since January, 64,097 electric cars have been sold compared to 266,465 hybrids, according to data from the Ministry of Road Transport and Highways' Vahan dashboard. Hybrid car sales have surged from 4.42 per cent of the 4.1 million cars sold in calendar year 2022 to 7.2 per cent this year.
Japanese auto major Toyota Motor Corp will invest $ 350 million (about Rs 1,400 crore) for setting up a second plant in India as part of its plans to introduce a strategic small car in the country by 2010. The new plant will have a production capacity of 1 lakh units and will become operational by 2010. The new small car, which will have high localisation level, is primarily aimed at the Indian market. Toyota will also be investing further in the plant on support facilities.
Speaking to reporters after flagging off Etios exports to South Africa for the first time, Sandeep Singh, deputy managing director (marketing), said so far the Camry had been imported.
The fuel efficiency of the vehicle is 19.16kmpl.
The car has been been specifically developed for the Indian market and the company is investing Rs 3,200 crore (Rs 32 billion) at its second plant in Bangalore to produce its units.
Over 400 Toyota Kirloskar Motor Employees Union members have ended their sit-in protest outside the labour commissioner's office in Bangalore, to pave the way for holding conciliatory talks.
The company is wooing smaller towns to create awareness for Etios to be launched in December.
Toyota will be hiring as many as 1,600 contract employees in the coming months, indicating that the auto sector is slowly recovering.
The auto maker, which is recalling more than a million vehicles in different parts of the world, had a loss of 164.7 billion yen in the same period a year ago. In the third quarter of fiscal year 2010, consolidated vehicle sales jumped 227,000 units, Toyota said on Thursday.
The company says if the ban on diesel vehicles continues, around 13% of its sales will be hit.
Tavish, author of the fantasy book Cren and the War of Seven Days, and Hemant, founder of the climate change awareness Web site CarbonNeutralVolunteers.org, were among the 12 national winners of the scholars program selected from 100 regional winners.
Toyota's Jarno Trulli and Timo Glock were sent to the back of the Australian Grand Prix starting grid on Saturday after stewards ruled their cars breached regulations. The governing International Automobile Federation (FIA) said in a statement that the upper rear wing elements of the two cars were too flexible and the cars were excluded from the official qualifying classification.
Toyota has set up two manufacturing plants at Bidadi, about 35 km from here, with a combined capacity of 310,000 units a year.
Auto major Toyota Kirloskar Motor on Thursday unveiled its first crossover, 'New Etios Cross', targetting young customers.
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