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.
The heart breaking Japanese catastrophe and huge booking orders of Etios saloon being the respective reasons.
Camry is the highest grossing vehicle from the Toyota clan in the global market.
'In terms of incentives, if you think about it, hybrids are a 20-year-old technology.'
The first investigation completed on Monday resulted in a $16.375 million fine over Toyota's recall of nearly five million vehicles with accelerator pedals that could become entrapped by floor mats.
Launch of Etios Cross, upgraded Corolla likely to see delay of at least 2 months.
The new Innova is more expensive than the old one, with the top-end model costing over Rs 20 lakh
22 million vehicles recalled in 2013: US safety agency
Japanese auto major Toyota will hike prices of its vehicles across all models in India by up to 3 per cent from January to offset rising input costs.
Passenger vehicle wholesales saw a marginal growth of 4 per cent in June on account of high base effect and muted demand due to severe heatwave conditions in several parts of the country. Overall passenger vehicle dispatches last month stood at 340,784 units, a growth of 3.67 per cent compared with 328,710 units in June 2023.
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.
With 25 per cent sales growth in the multi-utility vehicle segment, other car makers rushing in, too.
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.
Over 400 Toyota Kirloskar Motor Employees Union members have ended their sit-in protest outside the labour commissioner's office in Bangalore, to pave the way for holding conciliatory talks.
Boardroom shuffle in Toyota may lead Takeshi Uchiyamada to become chirman, speculate executives.
Speaking to reporters after flagging off Etios exports to South Africa for the first time, Sandeep Singh, deputy managing director (marketing), said so far the Camry had been imported.
The car has been been specifically developed for the Indian market and the company is investing Rs 3,200 crore (Rs 32 billion) at its second plant in Bangalore to produce its units.
The company is wooing smaller towns to create awareness for Etios to be launched in December.
Toyota will be hiring as many as 1,600 contract employees in the coming months, indicating that the auto sector is slowly recovering.
The fuel efficiency of the vehicle is 19.16kmpl.
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.
Future and concept cars at the New York International Auto Show.
Toyota's Jarno Trulli and Timo Glock were sent to the back of the Australian Grand Prix starting grid on Saturday after stewards ruled their cars breached regulations. The governing International Automobile Federation (FIA) said in a statement that the upper rear wing elements of the two cars were too flexible and the cars were excluded from the official qualifying classification.
Tavish, author of the fantasy book Cren and the War of Seven Days, and Hemant, founder of the climate change awareness Web site CarbonNeutralVolunteers.org, were among the 12 national winners of the scholars program selected from 100 regional winners.
The Italian accused his Toyota team of costing him a podium finish in the Belgian Grand Prix.
The company says if the ban on diesel vehicles continues, around 13% of its sales will be hit.
Toyota has set up two manufacturing plants at Bidadi, about 35 km from here, with a combined capacity of 310,000 units a year.
Toyota Kirloskar Motors Limited is looking to make further inroads into the Indian market as it puts its strategy into overdrive. With the launch of the Prius and its small car in 2010, it is looking to add another volume product to its portfolio.
Leading automakers Maruti Suzuki, Hyundai and Tata Motors on Friday reported robust sales for February as demand for sports utility vehicles continued to remain strong. Mahindra & Mahindra, Toyota Kirloskar Motor and Honda Cars also witnessed higher vehicle dispatches to dealers last month. February turned out to be the third-best month for sales for the industry ever.
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.
They have features such as bluetooth audio with remote, rear parking sensors and two-tone interiors.
Auto firms have reported a good jump in sales for the month of December
Auto major Toyota Kirloskar Motor on Thursday unveiled its first crossover, 'New Etios Cross', targetting young customers.
