The acquired company's clients include Franklin Templeton, Standard & Poor's, Finaplex, ING Investment Management, Sanofi-Aventis, Kaiser Permanente, Intuit and PayPal among others.
Toyota Kirloskar Motor (TKM) has reported a consolidated net profit of Rs 4,787 crore for 2023-24 (FY24) - more than three times the earnings recorded the previous year. This growth can be attributed to robust demand for its vehicles, particularly hybrid models and cross-badged cars from the Toyota-Suzuki alliance.
Exteriors of Innova always charm the onlookers but this new version has additional features to impress car lovers.
Burgeoning demand for spacious people movers in India has led Ashok Leyland, a medium and heavy truck builder, to plan on developing a utility vehicle to take on the likes of Toyota Innova, India's largest selling multi-seater personal vehicle.
After a successful tie up in traditional ICE and strong hybrid models, Suzuki and Toyota are now set to take their partnership to the next level: the electric vehicle segment. Both the Japanese auto giants recently announced a plan to produce Suzuki eVX-based SUV which will be sold under Toyota brand across the globe. This electric SUV, bearing Toyota's logo, will go for production at Suzuki Motor Group (SMG) facility in Hansalpur, Gujarat beginning the spring of 2025, marking the first EV launch for both companies in India.
The company says if the ban on diesel vehicles continues, around 13% of its sales will be hit.
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.
Multi-purpose vehicle segment has seen some serious activity in the past one year.
With 25 per cent sales growth in the multi-utility vehicle segment, other car makers rushing in, too.
The party has decided to give a Toyota Innova to each of its 200 block presidents and some other leaders to boost its campaign in the tough battle against Narendra Modi.
Toyota Kirloskar Motor (TKM) on Wednesday said it will recall 44,989 units of multi-purpose vehicle Innova manufactured between February 2005 and December 2008 in India to rectify a faulty cable on the steering wheel.
The Invicto hybrid, priced at Rs 24.79 lakh (Rs 2.479 million), is a Multi-Purpose Vehicle, which is based on the Toyota Innova Hycross.
Toyota Kirloskar Motor is considering a price increase in Corolla Altis and Innova due to rising input costs and fluctuation in exchange rates.
Marazzo, The Innova Crysta competitor
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.
Plug-in hybrids have two engines and the electric part has a much larger battery than in the regular hybrids. Car companies, led by the Japanese, are pushing the Indian government to look at hybrids in the interim if it wants to reduce carbon emission.
Hybrids have helped Maruti acquire leadership in SUVs, a segment that was never its forte. Toyota has also risen with the hybrid tide to clock its highest-ever annual sales in 2023.
The radical preacher has been on the run since a police crackdown on his outfit Waris Punjab De on March 18. He has, however, appeared in two purported videos and an audio clip released on social media in the past few days.
The report was leaked to the media on August 29, 2021 "to subvert" the Bombay high court-directed probe against him, the agency has alleged.
'If we are to be a contributor to the economy, we have to reduce carbon and imports.' 'We will achieve both -- that's our target.'
It is not clear if it was the same Innova that was following the explosives-laden Scorpio before the latter was parked near Ambani's residence in south Mumbai on February 25.
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.
Leading automakers Maruti Suzuki India, Hyundai and Tata Motors reported a double-digit increase in dispatches to dealers in April as the demand remained robust especially for the sports utility vehicles. The country's largest car maker Maruti Suzuki India (MSI) said its domestic passenger vehicle wholesales rose 13 per cent to 137,320 units last month as against 121,995 units in April 2022. Sales of mini cars, comprising Alto and S-Presso, fell 18 per cent to 14,110 units as compared with 17,137 units a year ago.
Union Minister of Road Transport and Highways Nitin Gadkari on Tuesday unveiled the prototype of the world's first Bharat Stage (BS)-VI-compliant electrified flex-fuel car, developed by Toyota Kirloskar Motor. The car, which runs on 100 per cent ethanol (E100), is based on the Toyota Innova HyCross. It can cover 40 per cent of its distance on ethanol and the remaining 60 per cent on electric, with the petrol engine shut off.
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.
Two days after a vehicle with explosives was found near the residence of industrialist Mukesh Ambani in Mumbai, police are looking for the other car which had been seen at the spot, an official said on Saturday.
Amritpal and Papalpreet had been on the run since March 18 when the Punjab Police launched a crackdown against the Khalistan sympathiser and his aides.
Punjab Police expanded their search for Amritpal Singh on Friday to 'deras' and other possible hideouts of the fugitive preacher in Hoshiarpur district, where some suspects had abandoned their car following a chase three days ago.
The limited availability of flexible (flex)-fuel vehicles in the Indian market and the slow rollout of ethanol-blended petrol by oil-marketing companies (OMCs) remain major obstacles to achieving widespread use of biofuels in the transportation sector in India. Recently, two Union ministers have emphasised India's biofuel potential, arguing that it has the capacity and potential to lead a transition towards widespread biofuel adoption. Road Transport Minister Nitin Gadkari signalled that this transition is well underway and urged car manufacturers to quickly adapt and introduce new biofuel-run vehicles, lest the government resort to taxing diesel vehicles.
'In terms of semiconductors, challenges do remain in the pan industry, but I think we are much better than where we were a year or so back.'
Overall numbers decline, but the success of these two brands help Toyota move up to the fourth spot in the sales league table.
Maruti Suzuki India (MSI) and Hyundai posted single-digit growth in domestic sales in June, even as the overall passenger vehicle segment crossed the 20 lakh units sales mark for the first time-ever in the first half this year. Toyota Kirloskar Motor reported a double-digit growth in dispatches to dealers, while Kia saw a dip in wholesales last month. MG Motor India also reported a double-digit increase in retail sales in June 2023 compared to the same month last year.
The vehicle with explosives found near industrialist Mukesh Ambani's residence in south Mumbai had been stolen last week, and a letter found inside said this was only a 'glimpse' of things to come, police said on Friday.
The Carens is a warning for cars such as the Tata Safari, Hyundai Alcazar, Maruti Ertiga, Toyota Innova Crista and Mahindra XUV 700, because Kia punches much harder than others in its weight category.
MKraft developed the concept of 'Stretchback' and the concept sets the benchmark of luxury to an entirely different platform.
Production at the maker of Innova and Fortuner has been crippled and it's operating at less than 10 per cent capacity.
The probe agency sought to intervene in a plea of Chandrashekhar, who is lodged in Tihar jail on charges of money laundering and duping several people, and his wife seeking their transfer to a prison outside Delhi alleging threat to their lives from jail staff.
Foiling a major terror plot, four suspected Pakistan-linked terrorists on their way to Telangana to deliver explosives were nabbed in Haryana's Karnal on Thursday and arms, ammunition and IEDs were recovered from their vehicle, senior police officials said.
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