APAs are part of govt's aim to move to a non-adversarial tax regime.
Toyota's Fuji International Speedway gave up the hosting rights for the Japanese Formula One Grand Prix in 2010 and beyond on Tuesday to cut costs amid the global economic downturn. The circuit, majority held by the world's biggest automaker, had been scheduled to alternate each year with Honda-owned Suzuka.
Toyota have offered Kimi Raikkonen a deal for next season but the 2007 Formula One champion's management wants more, according to the team's motorsport president John Howett. The party-loving Finn has said he wants to be in a competitive car, and Toyota have yet to win a race since they entered the sport in 2002.
Toyota Kirloskar Motor is considering a price increase in Corolla Altis and Innova due to rising input costs and fluctuation in exchange rates.
Toyota Kirloskar Motor Ltd on Friday said it was aiming to sell 54,000 vehicles across its different models in India this year, even as the company continues to explore its small car options.
Buyer can book the mini SUV for Rs 50,000.
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.
The stock of the country's largest passenger vehicle maker, Maruti Suzuki India (MSIL), has been hitting successive all-time highs over the past three trading sessions. The rally in the scrip has helped it notch over a 21 per cent gain since the start of February, outperforming the National Stock Exchange Nifty Auto Index. The gains for the leader of small passenger cars have been more recent, as the company still trails the Nifty Auto over one- and two-year periods.
The company, which is present in India through a joint venture with the Kirloskar Group, will start the exercise from next month and will contact the respective customers, check and change the part, if necessary, free of cost.
Toyota Kirloskar Motors on Thursday launched Innova, a replacement model for its flagship Qualis, pricing the base models of petrol and diesel versions at Rs 6.82 lakh and Rs 7.42 lakh respectively.\n\n
Battered by the Covid-19 pandemic, the maker of the Fortuner and Innova models is staring at a steep loss in the ongoing financial year.
Passenger vehicle sales in India touched a record high of 41.08 lakh units in 2023, growing by 8.3 per cent over the previous year driven by SUVs, which accounted for almost half of the total dispatches from manufacturers to dealers. The record sales have been achieved despite an increase in the average price of vehicles to Rs 11.5 lakh last year as compared to Rs 10.58 lakh in 2022. Market leader Maruti Suzuki, Hyundai Motor India, Tata Motors and Toyota Kirloskar Motor reported their best-ever annual sales in 2023.
The Japanese major has maintained the lead of its premium SUV despite competition, and has grown its share despite a slump in segment's demand.
The measures government takes next to push economic growth will be the key for automotive sector
Toyota, General Motors, Volkswagen, Ford, Honda, Renault, Hyundai, Suzuki and Nissan are among those who boast of production of a million unit or more every year.
Conciliatory talks between Toyota Kirloskar management and the union on Thursday failed to reach any conclusive stage as the former sought time till January 16 to contemplate the suggestions of the labour department.
Passenger vehicle wholesales in India rose to a record high in October as companies pushed dispatches to dealers to cater to the enhanced demand in the festive season. The overall passenger vehicle wholesales in October rose to 391,472 units, up 16 per cent from 336,679 units in the same month last year. Last month witnessed the highest-ever dispatches of passenger vehicles in the domestic market by Maruti Suzuki India and Mahindra & Mahindra.
Hino Motors Corporation, a Toyota Group company, said on Monday it would launch luxury buses for Indian roads by December. The Indian arm, Hino Motors Sales India Pvt Ltd, has also set a target to sell 700-800 units of heavy trucks and buses before March 2010 and plans to double it by next year.
The company, which is present in India through a joint venture with the Kirloskar Group, is investing Rs 1,650 crore.
Awed by the stunning Innova Crysta, Rajesh Karkera, is now eagerly waiting to get into the driver's seat for the magical experience.
'An additional amount of around Rs 15.53 billion will be invested for both general-purpose and specialised equipment necessary for manufacturing a new compact vehicle, ' the company said in a statement. The company had earlier said it would invest about Rs Rs 16.5 billion on its second plant in Bangalore, which would manufacture its 'strategic small car' to be launched by 2010-11. The new plant will have an initial capacity of 1,00,000 units.
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 company, which is present in India through a joint venture with the Kirloskar Group, said it expects to produce and sell 210,000 units next year.
The Etios sedan is powered by a 1.5-litre motor with twin cams and four valves per cylinder.
At a time when consumers increasingly embrace green mobility solutions, it is not electric cars but hybrids that are taking the lead, as automotive sales data indicate. Since January, 64,097 electric cars have been sold compared to 266,465 hybrids, according to data from the ministry of road transport and highways' Vahan dashboard. Hybrid car sales have surged from 4.42 per cent of the 4.1 million cars sold in calendar year 2022 to 7.2 per cent this year.
While, on the surface, it seems revolutionarily new, Toyota has essentially plugged in gaps in the Fortuner's package. Tushar Kamath/CarDekho.com drives a Toyota Fortuner 2.8 4x4 AT to find all about it.
The company, which is present in India through a joint venture with the Kirloskar Group, will be increasing the capacity of its plant in Bengaluru to 310,000 units per annum by March next year from 210,000 units at present.
Toyota Kirloskar Motor's (TKM) plan to set up a diesel engine plant is held up as it is unable to convince its Japanese parent because of the lack of clarity in pricing policy of the fuel in India.
Ralf, the brother of world champion Michael, will race for Toyota from the 2005 season.
At a time when consumers increasingly embrace green mobility solutions, it is not electric cars but hybrids that are taking the lead, as automotive sales data indicate. Since January, 64,097 electric cars have been sold compared to 266,465 hybrids, according to data from the Ministry of Road Transport and Highways' Vahan dashboard. Hybrid car sales have surged from 4.42 per cent of the 4.1 million cars sold in calendar year 2022 to 7.2 per cent this year.
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.
Amid better semiconductor chip supplies, the Indian automotive industry posted an 8 percent growth in production of vehicles across categories for the month of May, with three-wheelers (20 per cent) and passenger vehicles (16 per cent) leading the pack. Exports, however, dipped 21 per cent at an industry level. The industry also recorded its highest-ever May wholesales of domestic passenger vehicles (334,802 units), riding on high demand for sport utility vehicles (SUVs) and better supplies of semiconductor chips.
The auto major has also invested Rs 3,200 crore to set up its second manufacturing facility in Bangalore.
Four Toyota team members escaped unhurt when gunmen ambushed their car after leaving the Brazilian Formula One Grand Prix circuit on Friday night, a spokeswoman said.
The company, which is present in India through a joint venture with the Kirloskar Group, plans to launch the new Camry with some changes in its looks after the sales of the model fell drastically by over 75 per cent during the April- June period.
The company, which is present in India through a joint venture with the Kirloskar Group, will invest Rs 898 crore (Rs 8.98 billion) to expand the production capacity of the two plants by 2013.
