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.
Auto major Toyota Motors on Tuesday said it is studying the Indian market to launch its eco-friendly car 'Prius', but felt the current duty structure on completely built units CBUs would double the price of the vehicle.
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.
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.
Stock market sentiment is likely to remain optimistic going ahead, though some consolidation cannot be ruled out after the recent sharp rally in the benchmarks, analysts said. According to experts, the Nifty and Sensex could indeed move towards new record highs before the end of the year, if global cues stay supportive, crude oil prices remain benign and there is continued domestic earnings momentum.
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.
The fourth generation Prius combines a premium styling and an enjoyable driving dynamics.
Toyota will be hiring as many as 1,600 contract employees in the coming months, indicating that the auto sector is slowly recovering.
Japanese auto major Toyota on Wednesday said it could launch a small car in India within two years and its second plant may come up at the existing location in Bangalore.
Toyota Motor Corporation, one of the world's biggest automakers, on Thursday set the ball rolling for a compact car for the Indian market by laying the foundation stone for a Rs 1,400-crore (Rs 14 billion) factory near Bangalore.
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.
22 million vehicles recalled in 2013: US safety agency
The auto maker, which is recalling more than a million vehicles in different parts of the world, had a loss of 164.7 billion yen in the same period a year ago. In the third quarter of fiscal year 2010, consolidated vehicle sales jumped 227,000 units, Toyota said on Thursday.
Despite the benefits of hybrid technology, a lack of government backing and few launches have kept the segment from gaining ground.
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.
Government policies and other uncertainties are holding it back from setting up a new diesel engine plant and launching more hybrids.
The amount sought by the National Highway Traffic Safety Administration would be the 'largest civil penalty ever assessed' against an auto maker by the auto safety agency, according to the US department of transportation.
Japanese auto major announced top level management changes in its Indian arm with Sandeep Singh, Deputy Managing Director slated to move for a new role in its Asia Pacific operations.
Suzuki will produce EVs for the Indian market and will supply some of them to Toyota, which will provide technical support.
The proposed car is likely to be built on the platform the company developed for its much awaited sedan, Etios, launched last week in the country.
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.
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.
As of now, no firm has launched a flex-fuel vehicle in India, as these models are more expensive than comparable petrol-run vehicles.
Toyota Motor Corporation President Katsuaki Watanabe called on Prime Minister Manmohan Singh on Monday, even as the company continues to hold close to the chest cards regarding plans of its second manufacturing unit in India. Official sources said Watanabe, who led a delegation including TMC Managing Director Akira Okabe, briefed Singh generally about the company.
The recall includes 1.3 million vehicles in North America announced earlier in the day by Toyota's US unit.
Auto majors Maruti Suzuki, Tata Motors and Mahindra & Mahindra reported robust sales in September as reduced price tags owing to GST rationalisation led to record demand in the Navaratri period. The month also saw Tata Motors and Mahindra & Mahindra settling at number two and three positions, respectively in vehicle wholesales ahead of Hyundai Motor India.
The Japanese auto major says the ban has made it difficult to launch new products or commit fresh investments
Passenger vehicle sales in India kicked off on a flat note in new fiscal 2024-25 with 3.38 lakh units sold in April, impacted by high base effect and muted demand due to the ongoing general elections. Dispatches of passenger vehicles from manufacturers to dealers were at 338,341 units in April 2024 as compared to 332,468 units in the same month last year, a growth of 1.77 per cent with major players Maruti Suzuki India, Hyundai and Tata Motors reporting marginal growth in their domestic wholesales.
The only other company working on hydrogen cars in India is Toyota Kirloskar Motor.
Toyota's India unit will also source two cars manufactured by Maruti Suzuki, the Baleno and Brezza, including their hybrid variants, and in return Toyota will offer its Corolla sedan to Maruti.
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.
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 said modules in the power window master switch may have been lubricated inconsistently during the manufacturing process.
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.
However, the company has not provided a timeline for the launch of the small electric car.
Automobile companies are worried about challenges from electric mobility, automation and connected vehicles.
Japanese automaker says the 'element of trust has been broken'
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.
