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.
'In terms of incentives, if you think about it, hybrids are a 20-year-old technology.'
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.
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.
Here's how the Etios stands when pitted against the Tata Manza, one of its close competitiors.
As this is a limited edition trim, there are expected to be some impressive features on offer, which have been specifically incorporated in these premium sedans.
Future and concept cars at the New York International Auto Show.
Government policies and other uncertainties are holding it back from setting up a new diesel engine plant and launching more hybrids.
Formula One newcomer Timo Glock put Toyota on top of the testing timesheets with a best time of one minute 19.779 seconds.
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.
Toyota Kirloskar Motor is expecting a 58 per cent jump in revenues and a 3.6 per cent rise in sales for the current fiscal.
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.
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.
The model has sold more than 88,500 units since its introduction in India in 2003.
When it comes to electric cars, the electric dream is turning out to be a six-letter word starting with f, ending with y, and having antas in between, notes Suveen Sinha.
'Two would be premium products and three would be mainstream products.'
The new Prado is available in five exciting colours-- White Pearl Crystal Shine, Silver Metallic, Grey Metallic, Greyish Blue Metallic and Black.
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.
In its first official engagement with the Indian government, Elon Musk-led Tesla and other global automotive (auto) manufacturers sought clarification on the new electric vehicle (EV) policy, specifically regarding investment guidelines and the timeline for the domestic value addition (DVA) requirement. Officials who attended the meeting told Business Standard that the original equipment manufacturers (OEMs) tried to understand whether the complete investment would be made within three or five years and the duration they would have to achieve the 50 per cent DVA. "The consultation meeting was convened to address queries from auto OEMs.
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
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.
Buyer can book the mini SUV for Rs 50,000.
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.
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.
'In Krrish, I was playing Hrithik's child version.' 'I also did Ishq Vishk with Shahid Kapoor.' 'In Aetbaar, I remember doing scenes with Amitabh Bachchan.'
The measures government takes next to push economic growth will be the key for automotive sector
"The driver of the Innova tried to escape from the spot and sped away. As the vehicle reached the toll booth, it rammed into many cars, leaving nine people injured. Later, three of them were declared dead," the DCP said.
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 witnessed a marginal growth in May on account of high base effect and muted demand due to general elections. The overall passenger vehicle dispatches from companies to dealers stood at 350,257 lakh units last month as compared to 335,436 in the same month a year ago, registering a growth of 4 per cent.
