Toyota Motor

GM said in December it would sell its $1 billion stake in the Lansing, Michigan, plant, leaving LG scrambling to find new customers

Toyota is developing and making electric vehicles and EV batteries in China, the Japanese automaker said Wednesday, under a new partnership with the Shanghai government. Toyota Motor Corp. also announced it will start producing batteries for EVs, hybrids and plug-ins at a new USD 14 billion facility in North Carolina, with shipping starting for North American models in April. The moves highlight Toyota's aggressive push in electric cars, a sector where some critics have said it's fallen behind rivals like Tesla and BYD at a time when the Chinese EV market is booming and the world's concerns about sustainability are increasingly crucial. Toyota is setting up a company in Jinshan district in southwest Shanghai for that effort, with production of the new Lexus EVs starting in 2027. Initial production capacity there totals 100,000 vehicles a year, which will create about 1,000 jobs, the world's top automaker said. The battery plant in the US will create some 5,000 jobs, according to ..

Toyota Kirloskar Motor on Saturday said its sales increased by 19 per cent year-on-year to 29,371 units in January. The company had dispatched 24,609 units in the same month last year. The company sold 26,178 units in the domestic market and exported 3,193 units last month. The continued momentum underscores the company's sharp focus on customer centricity, enhancing customer access across the country and increased emphasis on innovative value-added solutions, Toyota Kirloskar Motor (TKM) said in a statement. "In 2025, our efforts are to further strengthen the company's foothold in India. We will continue to optimise customer centricity through value-added services and seamless after-sales support, all aimed at creating delightful experiences," TKM Vice President Sales-Service-Used Car Business & Profit Enhancement Varinder Wadhwa said. The automaker's product strategy will be driven by the deep philosophy of a multiple pathway approach that strives to offer something to everyone

Japanese automaker posted a 3.7 per cent drop in global group unit sales last year, including those of compact car maker Daihatsu and truck unit Hino Motors

Japanese auto major Toyota will launch electric vehicles in India, as part of its multi-technology approach towards combating carbon emission in the country, which EVs alone cannot tackle, according to top officials of the company's Indian arm. The company feels that under the current circumstances, strong hybrid is the most practical solution supplemented by other technologies, including electric, flex fuel, electrified flex fuel, and plug-in hybrid in India, Toyota Kirloskar Motor & Lexus India, Deputy Managing Director - Sales-Service-Used Car, Tadashi Asazuma told PTI. "India itself is one of the most important country markets that we recognise. So in terms of the technologies, we are thinking of how to contribute to the Indian auto market, what will best suit India. "However, as of now, we think that the strong hybrid is a kind of practical answer to start with," he said here in an interview on the sidelines of the Auto Expo held as part of the Bharat Mobility Global Expo ...

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Toyota Kirloskar Motor on Wednesday reported 29 per cent increase in sales at 29,529 units in December 2024 as compared to 22,867 units in the same month a year ago. The company sold 24,887 units in the domestic market and exported 4,642 units last month, Toyota Kirloskar Motor (TKM) said in a statement. The company said it recorded its best-ever calendar year sales in 2024 at 3,26,329 units. This was higher by 40 per cent as compared to 2,33,346 units sold in 2023. "The SUV and MPV segments being key contributors grew at 20 per cent over the same period last year. We are also observing a growing shift of consumer preferences towards vehicles offering sustainability, value proposition of dependability quotient, enhanced safety and better resale value which is boosting our sales," TKM Vice President, Sales-Service-Used Car Business, Sabari Manohar said. On the outlook, he said,"Given the existing trend, we are confident of further consolidating our market position thus playing a ..

The world's biggest automaker manufactured 869,230 vehicles globally in November, down 6.2 per cent from the same month last year

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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

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

EV unit and platform used for this model were jointly developed by SMC, TMC, and Daihatsu Motor Corporation, leveraging each company's strengths

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

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Toyoda, the grandson of the company's founder, saw shareholder support drop to a record low of 85 per cent last year

Earlier this week, Swedish automaker Volvo Cars scrapped its target of going all electric by 2030, saying it expects to still be offering some hybrid models in its lineup at that time