The company had earlier stated that for a fall of every rupee against dollar, it loses about Rs 90 crore (Rs 900 million) on a yearly basis.
The All New Etios is designed to provide a true sedan experience
The new Corolla Altis will come with a 1,798 cc engine.
Toyota Kirloskar Motors and Honda Motors have announced plans to launch a small car in India.
Toyota Kirloskar Motors, makers of Innova, has targeted to sell 4000 units per month in 2007, a senior company official 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.
Companies with "gas guzzlers" are trying to set up the wrong narrative against small cars getting relaxation in the proposed corporate average fuel efficiency (CAFE-III) norms on the basis of weight, Maruti Suzuki senior executive officer corporate affairs Rahul Bharti said on Monday, bringing to the fore deep division among carmakers regarding the upcoming rules.
Japanese auto major Toyota Motors Corporation Ltd said on Tuesday that it has begun exporting transmission equipment, manufactured at its dedicated plant in Bangalore, to seven Toyota plants across the world
Toyota Kirloskar Employees Union (TKMEU) on Saturday said they were ready to resume work on March 24 but would not sign any undertaking as desired by the company, which has agreed to lift the lock-out at its two plants in Bidadi near Bangalore following government's conciliatory efforts.
Toyota Kirloskar Motor on Monday launched Etios Xclusive priced in the range of Rs 7.82 lakh (petrol variant) to Rs 8.92 lakh.
World's largest carmaker Toyota on Monday said it has cut production in India by 30 per cent this month, but is not holding back its planned investments of Rs 3,200 crore (Rs 32 billion) in the country.
Despite the benefits of hybrid technology, a lack of government backing and few launches have kept the segment from gaining ground.
After a record-breaking year, India's automobile industry is entering 2026 on a relatively strong footing, with sales growth expected in the 6-8 per cent range. The outlook is underpinned by policy support, including GST rationalisation, easing monetary conditions, and income tax relief, which together are likely to improve affordability and sustain consumer demand across vehicle segments.
Toyota Motor Corporation, which runs its Indian operation through a joint venture -- Toyota Kirloskar Motor -- with the Kirloskar Group, is constructing the second plant at its Bangalore facility with an investment of Rs 3,200 crore (Rs 32 billion) to manufacture the small car.
The renewed talks between Toyota Kirloskar Motor management and employees union to end the deadlock over labour issues at two plants near Bangalore have failed.
Toyota Kirloskar Motors Limited has launched the diesel version of Toyota Corolla Altis in the country recently.
The Toyota Yaris was finally launched in India last month. Rajesh Alva/Rediff.com offers a quick checklist of what appeals to him about the car, and what doesn't.
Japanese automaker says the 'element of trust has been broken'
Of the 6,400 Toyota employees, about 4,000 are union members and the remaining of them are on contract in both the factories.
The company is currently celebrating the first anniversary of its Camry Hybrid in India during which it has sold 541 units
So far the company has got orders for 54 units of Prius from customers in India.
Overall numbers decline, but the success of these two brands help Toyota move up to the fourth spot in the sales league table.
"My understanding is that the rules are weighted in favour of big cars, even though smaller cars emit fewer emissions per passenger, use less material, and consume less fuel," Bhargava said in an interview with Business Standard.
Japanese car maker Toyota on Tuesday said it will begin production of its entry-level sedan Etios in third week of December from its second manufacturing facility in India at Bidadi in Bengaluru.
Japanese carmaker Toyota is recalling 41,000 units of its sedan Etios and small car Liva in India to replace faulty inlet pipe to fuel tank.
Production at the maker of Innova and Fortuner has been crippled and it's operating at less than 10 per cent capacity.
Bangalore-based Toyota Kirloskar Motor Pvt Ltd, a joint venture between Kirloskar Group and Toyota Motor Corporation, has decided to introduce the newly-developed sedan on the Etios platform, ahead of its much-awaited small car.
Buzz around Innova Aero and cheaper multi-utility brands of competitors make the going tough for Evalia in a crowded market.
The pre-bookings of the car has already started.
The campaign is for Corolla Altis Diesel manufactured between August 3, 2012 and February 14, 2013.
There would be a new top-end variant called the Z, which will cost Rs 17.5 lakh.
The new cars, which have undergone over over 100 changes, were spotted at a dealer's showroom.
Toyota is working on developing six subcompact cars as part of its global strategy to increase volumes in emerging markets over the next four years.
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