Leading automakers in India, including Maruti Suzuki, Tata Motors, Mahindra & Mahindra, and Hyundai, reported increased vehicle dispatches to dealers in February, driven by sustained domestic demand.
Leading automakers in India, including Maruti Suzuki, Tata Motors, Mahindra & Mahindra, and Hyundai, reported increased vehicle dispatches to dealers in February, driven by sustained domestic demand.
Workers had stopped production lines to protest a delay in salary hikes after 10 months of negotiations.
They are recalling a total of about 3.4 million vehicles worldwide as a result of an airbag problem.
Toyota Chairman Okuda Hiroshi said Indian and Thai companies were the strongest contenders for the Deming Prize, somewhat akin to the Oscars in manufacturing quality
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.
BMW said in a statement 'binding agreements' signed with Toyota also foresee to jointly develop an architecture and components for sports vehicles.
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.
Leading automakers Maruti Suzuki, Tata Motors, Mahindra & Mahindra, and Hyundai Motor India posted higher sales in January riding on the growth momentum ushered in by the GST reforms in the festive period last year.
This is the third recall of the company to involve more than a million cars since 2009.
Japan's top automaker Toyota on Monday said it faced an "unprecedented" operating loss of $1.69 billion for fiscal 2008, the first such loss in the company's history, due to dwindling global auto sales and a surging yen.
Japan's biggest carmaker Toyota Motor Corp is considering an investment of Rs 1,500 crore
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.
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.
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.
Models of the Yaris, known in Japan as the Vitz, that were made between November 2010 and March 2012, have been recalled.
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.
Boardroom shuffle in Toyota may lead Takeshi Uchiyamada to become chirman, speculate executives.
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.
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.
Toyota has asked 3.8 million vehicle owners of seven popular models to remove the floor mat of their car that could jam the accelerator pedal and cause a crash.
Toyota Motor Corp of Japan, had on March 16 declared a lockout.
22 million vehicles recalled in 2013: US safety agency
The pint-sized i-Road has two front wheels that move up and down independently of each other.
The recall includes 1.3 million vehicles in North America announced earlier in the day by Toyota's US unit.
Toyota said modules in the power window master switch may have been lubricated inconsistently during the manufacturing process.
While Toyota will acquire 4.94 per cent shares of Suzuki, worth $ 908 million, the latter will make a $ 454-million investment in the biggest automaker of Japan. Premium products from the Maruti stable such as the Baleno, Ciaz and Vitara Brezza will be sold under the Toyota brand with small changes.
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.
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.
Most auto companies posted positive reults, while others saw a dip due to high interest rates, high fuel prices and other factors.
'Without his vision and foresight, his willingness to take a risk that no one else was willing to take, his deep and abiding love for India, the Indian automobile industry could not have become the powerhouse that it has become.'
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The Japanese carmaker also said on Wednesday it was separately recalling around 169,000 vehicles including the Lexus GS350 and IS350 due to a problem in the engine assembly process.
Automaker Toyota Kirloskar Motor (TKM) on Tuesday said it will increase prices of its entire model range by up to 2 per cent with effect from October 1 in order to partially offset the impact of rise in input costs. The company, which is a joint venture between Japan's Toyota Motor Company and Kirloskar Group, sells a range of vehicles including Innova Crysta and Fortuner in the domestic market. The company will realign the prices of its models, with effect from October 1, 2021, TKM said in a statement.
Recently, South Korean Foreign Minister, Chung Eui-yong, dialled his Indian counterpart, S Jaishankar, in New Delhi. His government, he said, "regretted the offence caused to the people of India". A day earlier, India had summoned the South Korean ambassador to express its "strong displeasure" over "an unacceptable social media post".
This crisis has arisen just as demand in India's auto sector started seeing some sort of revival after the nationwide lockdown in March/April.
When the workers returned to work for the 6 am shift on Monday morning, the management insisted each employee sign an undertaking, but the workers refused to do so.
Overseas shipments at auto firms expanded at a brisk pace year-on-year (YoY) in March, bumping up the overall annual exports for FY22 and taking it to a record level for some like Maruti Suzuki India and Bajaj Auto. Amid a semiconductor shortage, a depreciating rupee and a strong demand in various export destinations, passenger vehicle makers diverted capacity meant for the local market in favour of the more-lucrative export market. Among the passenger vehicle makers, market leader Maruti Suzuki led the rally with its overseas shipments touching a record level of 238,376 units in FY22 - the highest for the company in any financial year.
'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.'
Toyota Motor Corp is betting on pricier premium models offering better safety and quality.
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