Three additional vehicle makers and five more auto component makers will begin availing financial incentives under the production-linked incentive (PLI) scheme for the automobile sector from 2026-27 (FY27) onwards, Hanif Qureshi, additional secretary at the Ministry of Heavy Industries (MHI), said on Wednesday.
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.
Toyota Kirloskar Motor achieved cumulative sales of 5,600 units of Toyota vehicles, led by Toyota Innova and Corolla, in June 2005, up by 36 per cent over the corresponding period last year.
The New Camry would be available in four grades and is priced between Rs 21,26,000 and Rs 23,40,000, officials of Toyota's Indian unit, Toyota Kirloskar Motor, told a news conference in Bangalore. The launch was seen as Toyota's attempt to revitalise sales of this model.
Toyota is launching a compact car by the end of next year from its new production facility close to its existing plant in Bangalore.
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.
Production at the maker of Innova and Fortuner has been crippled and it's operating at less than 10 per cent capacity.
Prius is priced between Rs 26.55 lakh and Rs 27.86 lakh.
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.
Auto major Toyota Kirloskar Motor on Thursday unveiled its first crossover, 'New Etios Cross', targetting young customers.
Toyota Kirloskar Motor is considering 1 to 2 per cent increase in prices of all its products - Toyota Innova, Corolla, Camry and Prado.
The world's largest carmaker, Toyota, is evaluating options to introduce a diesel version of its small car to be launched in the Indian market by 2011.
Over 1,000 employees affiliated to the Toyota Kirloskar Motor Union on Tuesday resumed work after signing a modified version of the 'good conduct declaration' prepared by the management.
The model has sold more than 88,500 units since its introduction in India in 2003.
Electric vehicle (EV) manufacturers breathed a sigh of relief after the GST Council on Wednesday night retained the concessional 5 per cent rate on EVs, though they now face competition from small petrol and diesel cars, which will attract a lower 18 per cent levy.
Toyota Kirloskar Motor Pvt Ltd on Tuesday launched its premium sports utility vehicle, the Toyota Land Cruiser in Mumbai.
The launch of two much-awaited compact cars of Honda and Toyota, scheduled to hit showrooms in a few months, may get reviewed as the two companies struggle with component supplies.
The is expected to cost about Rs 35 lakh.
As of now, no firm has launched a flex-fuel vehicle in India, as these models are more expensive than comparable petrol-run vehicles.
The Japanese auto maker, which is present in India through a joint venture with the Kirloskar Group, is investing Rs 3,200 crore (Rs 32 billion) for setting up a new production facility in Bangalore to launch its 'strategic' small car in New Delhi.
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.
Toyota Kirloskar Motors Limited is looking to make further inroads into the Indian market as it puts its strategy into overdrive. With the launch of the Prius and its small car in 2010, it is looking to add another volume product to its portfolio.
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.
The new SUV comes with a 3.0 litre D-4D diesel engine with five speed manual transmission.
Two office-bearers of the Toyota Kirloskar Motor Employees Union and eight other employees are staging the strike. Simultaneously, about 1,000 employees, registered with the TKMEU, staged a dharna at the factory gate from 10 am to 6 pm on Wednesday.
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.
"We see high market potential with growing population of Indian middle class families aspiring for more advanced features like safety, space, luxury and comfort," Toyota Kirloskar Motor's MD Akito Tachibana told reports at the Auto Expo in Greater Noida last week.
The new Corolla Altis Sport has an aerodynamic front and rear bumper spoiler, a classy headlamp garnish, sleek side skirts and exclusive rear LED spoilers.
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.
Toyota Kirloskar Motors on Thursday launched Innova, a replacement model for its flagship Qualis, pricing the base models of petrol and diesel versions at Rs 6.82 lakh and Rs 7.42 lakh respectively.\n\n
Toyota had announced a global recall of 65 lakh vehicles to rectify a power window glitch, which could lead to fire risk.
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.
The new Prado is available in five exciting colours-- White Pearl Crystal Shine, Silver Metallic, Grey Metallic, Greyish Blue Metallic and Black.
Despite the benefits of hybrid technology, a lack of government backing and few launches have kept the segment from gaining ground.
Of the 6,400 Toyota employees, about 4,000 are union members and the remaining of them are on contract in both the factories.
Toyota Kirloskar Motor is considering a price increase in Corolla Altis and Innova due to rising input costs and fluctuation in exchange rates.
Toyota Kirloskar Motor Ltd on Friday said it was aiming to sell 54,000 vehicles across its different models in India this year, even as the company continues to explore its small car options.
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