The Etios sedan, which made its global debut in the country in December 2010, has sold over 20,000 units till date. This gives Toyota the hope that the new small car will catapult it among the top manufacturers in the second fastest growing automobile market globally.
The German's future remains uncertain even if he has said repeatedly that he expects to be in Formula One next season.
TKM is investing Rs 3,200 crore in the second facility, which will have an initial capacity of 70,000 units as it gears to launch a small car in the Indian market by early 2011.
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.
With slowing sales and to avoid inventory accumulation, Toyota Kirloskar Motor Pvt Ltd has planned to cut production of passenger cars and utility vehicles at its factory in Bidadi, 35 km from Bangalore.
The new SUV comes with a 3.0 litre D-4D diesel engine with five speed manual transmission.
Toyota suspended technical director Mike Gascoyne due to a "fundamental difference of opinion".
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 bookings of the new vehicle, named Innova Crysta opened on Monday and deliveries will begin from May 13, 2016.
The cutback in production has been announced on top of three days' production halt this month and would impact most of Toyota's models made in Japan, excluding those outsourced to subcontractors, the report revealed. Further, sales of new vehicles in Japan slumped to the lowest level in three decades in 2008 as recession hit Asia's biggest economy, piling pressure on its auto giants, an industry group had said.
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.
Traversing from being just vehicle manufacturers to mobility solutions providers amid a raging debate over which eco-friendly technology must be incentivised, the Indian automobile industry is driving in the new year under the shadow of a slowdown in sales with the post-pandemic pent-up demand in distant memory. The shift in the auto industry -- where advanced technologies like autonomous driving, vehicle intelligence, connected features and electrification are quickly gaining traction -- will be reflected in the upcoming Bharat Mobility Global Expo in which India's flagship Auto Expo has been clubbed to be held from January 17-22, 2025 in Delhi-NCR.
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.
In a statement on Wednesday, Toyota had said it would take a one-time, $1.1 billion pre-tax charge against earnings to 'cover the estimated costs of the economic loss settlement and possible resolution costs of civil litigation brought in California by the District Attorney of Orange County and an investigation by a multi-state group of Attorneys General stemming from previous recalls.'
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.
It is meant for the rear seat loving owner, who couldn't care much about engine power, or the transmission.
South Korean carmaker Kia was on Tuesday declared the top mass-market performer in the overall customer experience index (CEI), an annual survey done by the Federation of Automobile Dealers Associations (Fada) to assess and quantify customer experience across 97 parameters related to sales, product, and after-sales quality. Fada conducted this survey in collaboration with consulting firm Frost & Sullivan, with a sample size of 8,685 respondents.
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.
The decision confirmed Germany's Nick Heidfeld as the eighth placed driver and relegated Ralf Schumacher to 11th at the San Marino Grand Prix.
Plug-in hybrids have two engines and the electric part has a much larger battery than in the regular hybrids. Car companies, led by the Japanese, are pushing the Indian government to look at hybrids in the interim if it wants to reduce carbon emission.
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.
The company, which is present in India through a joint venture with Kirloskar Group, is investing about Rs 3,200 crore (Rs 32 billion) to set up its second manufacturing facility in Bangalore to roll out the car by early 2011.
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.
Toyota Motor withdrew from Formula One on Wednesday, leaving Japan without a team in motorsport's premier series. Company president Akio Toyoda apologised for the team's failure to record a single race victory since joining F1 in 2002 despite an estimated annual budget of around $300 million.
Germany's Timo Glock will race for the Toyota Formula One team next season, replacing compatriot Ralf Schumacher. Cologne-based Toyota said in a statement on Monday that the 25-year-old had signed a multi-year deal. He will partner Italian Jarno Trulli.
Various manufacturers, including Nissan and Honda have also been impacted due to faulty airbags supplied by Takata.
Japan's biggest carmaker Toyota Motor Corp is considering an investment of Rs 1,500 crore
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 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.
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.
'We are seeing one of the highest discounts in recent years across companies.' 'October is a crucial month with several festivals coming up.'
Toyota Kirloskar Motors, makers of Innova, has targeted to sell 4000 units per month in 2007, a senior company official said on Monday.
Formula One stewards cleared Brawn GP, Toyota and Williams to race in the season-opening Australian Grand Prix after rejecting the protests of three rival teams on Thursday. After six hours of deliberation at the Albert Park circuit, the governing International Automobile Federation (FIA) said the officials had dismissed protests by Red Bull, Renault and champions Ferrari.
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.
Tata Motors is looking to consolidate its position in the SUV segment as it marks its entry into the highly competitive mid-size space which is currently dominated by South Korean and Japanese carmakers. The Mumbai-based auto major on Monday launched midsize SUV coupe Curvv with petrol and diesel powertrains with a price starting at Rs 9.99 lakh. The company has already unveiled the electric version of the model in August.
Italian Jarno Trulli seized pole position for the Bahrain Grand Prix on Saturday with Toyota team mate Timo Glock qualifying in second place for the team's first front row sweep. Red Bull's young German Sebastian Vettel, winner in the wet in China last weekend, will start Sunday's race in third place with championship leader Jenson Button alongside in his Mercedes-powered Brawn GP.
