Toyota

In the first eight months of this financial year, TKM sold 219,054 units and achieved a growth of 39 per cent year-on-year (Y-o-Y)

In Japan, which accounts for about a third of Toyota's worldwide output, production climbed 8%, bouncing back from weak numbers a year ago when an accident at a supplier's facility led to a partial

The Japanese automaker aims to bring the sales and production operations of its two Chinese joint ventures closer together, to improve efficiency, two of the people

The plan, which has not been previously reported, represents a strategic pivot by the world's top selling automaker in the world's largest car market

But heavy competition from Chinese brands in the world's biggest auto market, and a now-resolved production suspension of two models in the U.S. have started slowing its sales momentum in recent month

Still, recent sales and production figures have indicated a modest slowdown for Toyota. It faced a delivery suspension of two models in the United States and

Production for battery electric vehicles (BEVs) from Suzuki to begin in spring 2025

Toyota is returning to Formula 1 after 15 years as the Japanese automaker becomes a technical partner of American racing team Haas. There will be Toyota branding on the Haas cars starting from next week's United States Grand Prix in Austin, Texas, and the auto giant's racing division will provide design, technical and manufacturing services to the North Carolina-based team. This doesn't mean a return of the Toyota works team which raced in F1 for eight seasons until 2009, however. Haas will still race under its own name and Toyota isn't going to be supplying engines like it did for other teams in the 2000s. Haas already has an agreement to use Ferrari engines through 2028 as part of an existing partnership which dates to Haas' first F1 season in 2016. Haas previously extended its Ferrari deal in July to cover the new F1 regulations coming in 2026. The announcement of the multi-year agreement seemed to suggest Toyota could seek to place a driver with Haas, which doesn't have a spar

Toyota, the world's biggest automaker by sales, has been more cautious in its approach to EVs than other makers

Production is now likely to begin in early 2026 rather than late next year, Toyota spokesperson Scott Vazin said

The Japanese automaker's new funding is on top of $394 million in prior investments it made in Joby and is part of a strategic alliance on commercial manufacturing

TKM's sales boom comes at a time when other car companies are seeing a slowdown amid low demand and high inventory with dealers

Toyota has been on a record profit run that has boosted its share price. But its outlook has been complicated by a tough market in China

Toyota Kirloskar Motor (TKM) on Wednesday signed an agreement with the Maharashtra government to manufacture electric and hybrid cars, which Chief Minister Eknath Shinde said would revolutionise the automobile sector. The MoU (Memorandum of Understanding) was signed at Sahyadri Guest House in Mumbai. The company has inked the MoU to examine the setting up of a greenfield manufacturing facility at Chhatrapati Sambhaji Nagar, Toyota Kirloskar Motor (TKM) said in a statement. "Under the project, 4 lakh electric and hybrid cars are expected to be manufactured every year with an investment of Rs 20,000 crore, generating 8,000 direct jobs and indirect employment for 8,000. This project will revolutionise the automobile sector," Shinde said. Deputy Chief Minister Devendra Fadnavis stated: "Transforming Maharashtra, Developing Marathwada! Reaffirming its commitment to India; Toyota Kirloskar Motors is set to launch a Green Field Manufacturing Facility in Maharashtra!" He said 850 acres of

Gulati advocated for equalising the absolute tax, in rupee terms, on avg strong hybrid cars with that of avg petrol cars. This change, he argued, would promote hybrid vehicles, which emit less carbon

GAC Toyota is developing the system with Momenta Global, a startup that develops autonomous driving software for automakers including Mercedes-Benz

It is likely to be seen as an embarrassing rebuke for one of the giants of corporate Japan, where traditionally executives are re-elected to boards with overwhelming support

Toyoda's approval rating fell to 85 per cent last year from 96 per cent in 2022 but he only needs a majority to be re-elected and scandals aside, business has been good

The irregularities were also found in applications from Honda, Suzuki and Yamaha Motor, the ministry said

The ministry ordered Toyota, Mazda and Yamaha to suspend shipments of some vehicles. It said it will conduct an on-site inspection at Toyota's central Aichi prefecture headquarters on Tuesday