"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 vehicle, which was unveiled at the 12th Auto Expo, has been launched in three different engine options.
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.
Akio Toyoda tops the list of 25 most powerful people in the business world.
There would be a new top-end variant called the Z, which will cost Rs 17.5 lakh.
It is the global leader in car sales but in India, is a distant fifth.
Firm asks workers to sign undertaking; refuses to revoke suspension of 17.
GM, which sold 9.29 million cars in 2012, was the top-selling carmaker for more than seven decades before losing the title to Toyota in 2008.
'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.'
The Fortuner was launched in August 2009 and TKM has sold over 41,000 units so far.
Production at the maker of Innova and Fortuner has been crippled and it's operating at less than 10 per cent capacity.
'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.'
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.
Two Japanese auto giants, Honda and Nissan, are moving towards a potential merger, but it remains unclear how their Indian operations will be immediately impacted.
With sales sagging despite discounts, car makers are now looking at value-added services to attract customers.
Buzz around Innova Aero and cheaper multi-utility brands of competitors make the going tough for Evalia in a crowded market.
Ahead of the festive season, several passenger and commercial vehicle manufacturers have agreed to offer discounts of 1.5-3 per cent on new vehicle purchase against scrapped old vehicles after a meeting with Union Minister Nitin Gadkari, an official statement said on Tuesday. The statement further said Mercedes Benz India has offered a flat discount of Rs 25,000, which will be over and above all existing discounts. Union Road Transport and Highways (RT&H) Minister Nitin Gadkari on Tuesday chaired a meeting with the SIAM delegation at Bharat Mandapam, where he addressed pressing issues in the automobile industry.
Toyota Kirloskar Motor is lifting the lock-out at its Bidadi plant on the outskirts of the city, effective Saturday, company sources said.
Leading automakers Maruti Suzuki, Hyundai and Tata Motors reported decline in wholesales in August as the companies curtailed vehicle dispatches amid drop in demand and to cut inventories at dealer level. Market leader Maruti Suzuki India said its total domestic passenger vehicle wholesales were at 143,075 units last month as compared to 156,114 units in the year-ago month, registering a dip of 8 per cent. Sales of mini segment cars, comprising Alto and S-Presso, declined to 10,648 units last month as against 12,209 units a year ago.
Auto majors Maruti Suzuki India and Hyundai reported muted sales performance in October as the companies curtailed dispatches to dealers in order to cut inventory build up.
Exports during the month rose 4.4 per cent to 7,077 units as compared to 6,779 units in April last year, MSI said.
The company is currently celebrating the first anniversary of its Camry Hybrid in India during which it has sold 541 units
Toyota Kirloskar Motors and Honda Motors have announced plans to launch a small car in India.
Car-maker Toyota Kirloskar Motor today reported an 89.34 per cent increase in sales to 17,395 units in January, driven by robust demand for its latest 'Etios' and 'Liva' models.
The Corolla Altis Aero, powered by the existing J Grade 1.8 litre petrol engine, is Bharat Stage IV emission norms compliant, the company said.
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.
Toyota had announced a global recall of 65 lakh vehicles to rectify a power window glitch, which could lead to fire risk.
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.
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.
Toyota Kirloskar Motor Pvt Ltd on Tuesday launched its premium sports utility vehicle, the Toyota Land Cruiser in Mumbai.
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 campaign is for Corolla Altis Diesel manufactured between August 3, 2012 and February 14, 2013.
Maruti Suzuki, Hyundai and Tata Motors reported a decline in wholesales in September as the companies curtailed dispatches to dealers to reduce inventory build-up amid a decline in demand. Maruti Suzuki India reported a 4 per cent dip in total domestic passenger vehicle wholesales last month to 144,962 units compared to 150,812 units in the year-ago month. The auto major said sales of mini segment cars, comprising Alto and S-Presso, grew marginally to 10,363 units against 10,351 units in September 2023.
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.
The new cars, which have undergone over over 100 changes, were spotted at a dealer's showroom.
