Japanese car major Toyota Motor Corporation plans to set up an engine assembly plant in the country and has sought government approval for the proposed venture.
Japanese car major Toyota Motor Corp is reported to be planning an investment of $330 to 420 million (about Rs 1,890 crore) for setting up a small car plant near its existing facility in Bangalore.
The company has exceeded the target president Akio Toyoda set two years ago: to make 1 trillion yen in annual operating profit, and do so with a 5 per cent margin.
The company has exceeded the target president Akio Toyoda set two years ago: to make 1 trillion yen in annual operating profit, and do so with a 5 per cent margin.
Toyota Motor Corp regained the crown as the world's top selling automaker in 2012, posting record-high sales and beating rivals General Motors and Volkswagen.
Various manufacturers, including Nissan and Honda have also been impacted due to faulty airbags supplied by Takata.
Maruti Suzuki is set to launch a new multi-purpose vehicle (MPV) -- Invicto -- next month. It will be the company's first passenger vehicle with an ex-showroom price tag of Rs 20 lakh or more, said Shashank Srivastava, executive director (sales), on Tuesday. The upcoming MPV will compete with the likes of Toyota Innova Hycross, Kia Carnival, Hyundai Alcazar, MG Hector Plus, Tata Safari, Mahindra & Mahindra XUV700, and Mahindra & Mahindra Scorpio-N - all having three rows of seats. Invicto will be based on the Hycross by Toyota, which will manufacture Maruti's most expensive car at its Bidadi plant in Karnataka.
The company has launched the new version of Etios at a price range of Rs 545,000 and Rs 708,000 for the petrol variant and Rs 670,000 and Rs 815,000 (ex-showroom Delhi) for the diesel variant.
The company, which is present in India through a joint venture with Kirloskar Group, is investing about Rs 3,200 crore (Rs 32 billion) to set up its second manufacturing facility in Bangalore to roll out the car by early 2011.
The decision confirmed Germany's Nick Heidfeld as the eighth placed driver and relegated Ralf Schumacher to 11th at the San Marino Grand Prix.
Toyota Motor withdrew from Formula One on Wednesday, leaving Japan without a team in motorsport's premier series. Company president Akio Toyoda apologised for the team's failure to record a single race victory since joining F1 in 2002 despite an estimated annual budget of around $300 million.
Germany's Timo Glock will race for the Toyota Formula One team next season, replacing compatriot Ralf Schumacher. Cologne-based Toyota said in a statement on Monday that the 25-year-old had signed a multi-year deal. He will partner Italian Jarno Trulli.
Japan's biggest carmaker Toyota Motor Corp is considering an investment of Rs 1,500 crore
Betting big on its yet to be launched compact car Etios,the world's largest carmaker Toyota on Wednesday said it expects more than half of its overall sales in India during the next year to come from the new model.
Brand Toyota may have taken some beating after the Japanese carmaker had to recall millions of vehiles in the US, but in India the company sees no impact and is eyeing a strong growth.
The ride quality of the Cross is best-in-class but it scores low when it comes to handling.
Auto major Toyota Motors on Tuesday said it is studying the Indian market to launch its eco-friendly car 'Prius', but felt the current duty structure on completely built units CBUs would double the price of the vehicle.
Formula One stewards cleared Brawn GP, Toyota and Williams to race in the season-opening Australian Grand Prix after rejecting the protests of three rival teams on Thursday. After six hours of deliberation at the Albert Park circuit, the governing International Automobile Federation (FIA) said the officials had dismissed protests by Red Bull, Renault and champions Ferrari.
Toyota Kirloskar Motors, makers of Innova, has targeted to sell 4000 units per month in 2007, a senior company official said on Monday.
Toyota Motor Corp is likely to have retained its position as the world's best-selling carmaker for the first nine months of the year, beating rivals General Motors Co and Volkswagen AG, company figures showed on Monday.
Both the diesel variants will be powered by a 1.4-litre engine.
Consumers should be given freedom to make a logical choice, and manufacturers enough leeway so that they can produce what the consumer wants.
Italian Jarno Trulli seized pole position for the Bahrain Grand Prix on Saturday with Toyota team mate Timo Glock qualifying in second place for the team's first front row sweep. Red Bull's young German Sebastian Vettel, winner in the wet in China last weekend, will start Sunday's race in third place with championship leader Jenson Button alongside in his Mercedes-powered Brawn GP.
Toyota unions may challenge the management on the legality of the bonds.
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.
Britain's Sun newspaper reported that Ralf was on the verge of signing a five-year deal with the Japanese manufacturer.
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 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.
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.
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.
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.
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.
Camry is the highest grossing vehicle from the Toyota clan in the global market.
The probe agency has issued summons to Samal and his son Prayaskanti in connection with Barapada Engineering College land irregularities, they added.
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.
The heart breaking Japanese catastrophe and huge booking orders of Etios saloon being the respective reasons.
