Kirloskar siblings Rahul and Atul on Saturday raised questions over corporate governance of Kirloskar Brothers Ltd, led by their warring brother Sanjay, after having been cleared of insider trading charges labelled against them.
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.
Kirloskar Brothers Ltd (KBL), led by Sanjay Kirloskar, on Tuesday accused four firms under his brothers Atul and Rahul of trying to "usurp" its legacy of 130 years and trying to mislead the public, which has been refuted by the other side. As the family feud simmers, KBL in a letter to capital markets regulator Sebi claimed that recent press releases by Kirloskar Oil Engines Ltd (KOEL), Kirloskar Industries Ltd (KIL), Kirloskar Pneumatic Company Ltd (KPCL) and Kirloskar Ferrous Industries Ltd (KFIL) "have sought to usurp the legacy" of KBL. Also, they attempted to pass off the legacy and track record of KBL as that of their own, the letter said.
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 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.
Most auto companies posted positive reults, while others saw a dip due to high interest rates, high fuel prices and other factors.
Sanjay Kirloskar, promoter of Kirloskar Brothers, moves Supreme Court to enforce a family settlement signed in 2009.
Japanese carmaker Toyota is recalling 41,000 units of its sedan Etios and small car Liva in India to replace faulty inlet pipe to fuel tank.
Car-maker Toyota Kirloskar Motor today reported an 89.34 per cent increase in sales to 17,395 units in January, driven by robust demand for its latest 'Etios' and 'Liva' models.
The auto major has also invested Rs 3,200 crore to set up its second manufacturing facility in Bangalore.
The company, which is present in India through a joint venture with the Kirloskar Group, is investing Rs 1,650 crore.
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.
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.
Japanese car maker Toyota on Tuesday said it will begin production of its entry-level sedan Etios in third week of December from its second manufacturing facility in India at Bidadi in Bengaluru.
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.
Bangalore-based Toyota Kirloskar Motor Pvt Ltd, a joint venture between Kirloskar Group and Toyota Motor Corporation, has decided to introduce the newly-developed sedan on the Etios platform, ahead of its much-awaited small car.
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.
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.
The world's largest carmaker, Toyota, on Wednesday launched the diesel version of its premium sedan Corolla Altis in India, priced between Rs 10.95 lakh and Rs 13.75 lakh (ex-showroom Delhi).
So far the company has got orders for 54 units of Prius from customers in India.
Toyota Motor Corporation, which runs its Indian operation through a joint venture -- Toyota Kirloskar Motor -- with the Kirloskar Group, is constructing the second plant at its Bangalore facility with an investment of Rs 3,200 crore (Rs 32 billion) to manufacture the small car.
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 world's largest carmaker, Toyota on Wednesday said it will bring its sports utility vehicle Fortuner in India by September this year, expected to be priced at about Rs 20 lakh.
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.
Toyota Kirloskar Motor -- a joint venture with the Kirloskar Group -- is the Indian arm of Toyota Motor Corporation. TKM had announced an investment of nearly Rs 1,400 crore (Rs 14 billion) for its second unit at Bidadi near here, for which a foundation stone was laid in July this year.
World's largest carmaker Toyota on Monday said it has cut production in India by 30 per cent this month, but is not holding back its planned investments of Rs 3,200 crore (Rs 32 billion) in the country.
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.
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.
Japan's biggest carmaker Toyota Motor Corp is considering an investment of Rs 1,500 crore
Toyota on Thursday launched updated versions of its sedan Camry in India.
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.
Of the 6,400 Toyota employees, about 4,000 are union members and the remaining of them are on contract in both the factories.
The company is currently celebrating the first anniversary of its Camry Hybrid in India during which it has sold 541 units
Various manufacturers, including Nissan and Honda have also been impacted due to faulty airbags supplied by Takata.
Pooja, Disha or Sonam -- who gets your vote?
There's a certain amount of drama to the profession. Sample these taglines: 'We can see the unseen'; 'I can plant my detective in your guest bedroom.' One agency has even ensured that all its phone numbers end in '007'.
Formal announcement of venture into new segment on Thursday; group's entry timely, given the demand, say experts
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