Toyota Cars

Toyota plans to ramp up China production to regain market share by 2030

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

Shift to EV-only future likely to bring job losses, warns Toyota chairman

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

Toyota posts 35% YoY rise in total wholesale at 30,879 units in Aug

Toyota Kirloskar Motor on Sunday reported a 35 per cent growth year-on-year in total wholesales at 30,879 units in August. The automaker had reported a dispatch of 22,910 units in both domestic and exports in the same month last year. "As we approach the festive season, demand for our products remains buoyant, and we are already witnessing increased consumer interest and higher footfall across all our dealerships," Toyota Kirloskar Motor Vice-President, Sales-Service-Used Car Business, Sabari Manohar, said in a statement. SUVs and MPVs continue to significantly contribute to the company's sales numbers, reflecting a growing preference for these segment vehicles, he added. Interestingly, this trend is not limited to major urban centres but extends to tier-2 and tier-3 markets as well, demonstrating widespread customer acceptance for TKM offerings, Manohar said. As a response to the market needs, the automaker reopened the bookings in August for the Innova Hycross ZX & ZX (O) ...

Toyota Kirloskar, Union Bank of India partner for vehicle loaning solutions

Toyota Kirloskar Motor on Friday said it has signed a memorandum of understanding (MoU) with Union Bank of India for providing vehicle financing solutions. Under the partnership, customers can get up to 90 per cent financing on the on-road price of any Toyota vehicle purchased for private use, exempting them from any foreclosure, or part-payment charges, the company said in a statement. Besides, private vehicle customers can opt for flexible tenures up to 7 years with interest rates starting from 8.8 per cent per annum. At present, commercial vehicle customers can opt for flexible tenures up to 5 years with competitive rates, it added. "This collaboration signifies our dedication to providing exceptional customer experiences by simplifying and making vehicle financing more accessible. Our goal is to streamline financing options, offer seamless experiences, and provide timely support to make the vehicle purchase process enjoyable," Toyota Kirloskar Motor (TKM) Vice President, ...

Registration fee waiver in UP to spur hybrid car sales? What Nomura says

Toyota, with its dominant market share in strong hybrids in India, analysts said, is anticipated to be a primary beneficiary of this policy change, followed by Maruti Suzuki (MSIL)

Automakers Toyota, Subaru, and Mazda commit to developing new engines

The announcement is the latest example that showcases Toyota's close ties with Subaru and Mazda

Toyota's April 2024 wholesales rise 32% to 20,949 units, exports at 1,794

Toyota Kirloskar Motor on Wednesday said its wholesales increased 32 per cent year on year to 20,494 units in April. The automaker had dispatched 15,510 units to its dealers in April 2023. The growth momentum was sustained despite a week-long maintenance shutdown from April 6 for upkeep of machinery and equipment to sustain operational efficiencies, productivity and safety, the company said in a statement. Last month, the company said its domestic sales accounted for 18,700 units while exports totalled to 1,794 units. "Our product strategy resonates the strong connect with the market thanks to the diversified portfolio," Toyota Kirloskar Motor Vice President, Sales-Service-Used Car Business Sabari Manohar said.

Safety issue: Toyota to oversee model certification at subsidiary Daihatsu

Japanese automaker Toyota will oversee model certification at its subsidiary Daihatsu to regain trust among dealers, customers and workers after a safety testing scandal, Daihatsu's new president said Monday. Toyota Motor Corp. will take a leadership role in various areas, including product development and procurement, said Masahiro Inoue, who took the helm of Daihatsu in March. I have been spending each and every day, vowing to revive Daihatsu, said Inoue, who previously oversaw Toyota's business in South America. His predecessor at Daihatsu resigned after the allegations of widespread cheating on safety testing surfaced last year. A third-party review found violations, such as testing just one side of a car instead of both, had persisted for decades. Production at Daihatsu Motor Co was halted by a government order until proper tests can be done and a system set up to prevent a recurrence. Only some production has since resumed. Daihatsu is known for smaller kei" cars and off-road

Toyota Urban Cruiser Taisor launched in India: Check price, features & more

Urban Cruiser Taisor, which resembles Maruti's Fronx in some features, has prices starting at Rs 7.73 lakh

Toyota extends shutdown of 2 plants after emission test irregularities

The production lines have been suspended since Jan. 29 after the discovery of irregularities in certification tests for diesel engines developed by affiliate Toyota Industries

Toyota Motor hikes annual profit forecast after Q3 beats expectations

TOKYO (Reuters) -Toyota Motor raised its full-year operating profit forecast by nearly 9% on Tuesday, after higher sales volumes and a weaker yen boosted its third-quarter results

Toyota supplier Denso cuts Q3 profit forecast after hit by extra costs

Denso gets about half of its revenue from the Toyota group, which also includes Toyota truck unit Hino Motors and small-car maker Daihatsu

Toyota suspends dispatch of 3 models in India due to some 'irregularities'

Toyota Kirloskar Motor is temporarily suspending the dispatch of its three models -- Innova Crysta, Fortuner and Hilux -- in the country after "irregularities" were found in the certification tests for the diesel powertrain. Toyota Industries Corporation (TICO), a company affiliated with Toyota Motor Corporation (TMC), on January 29, 2024, announced that irregularities in horsepower output certification tests were found on three diesel engine models. In case of India, such engines are used in Innova Crysta, Fortuner and Hilux. "The irregularities concern the smoothing of power and torque curves but did not lead to any over-stating or over-claims on horsepower, torque or other powertrain related values," a Toyota Kirloskar Motor (TKM) spokesperson said in a statement when contacted over the issue. The issue does not have any impact on the emissions or safety of the affected vehicles, the company stated. "Toyota is working with relevant authorities to re-confirm the data used for th

Toyota Kirloskar Motor confident of continuing strong growth in 2024

Toyota Kirloskar Motor on Wednesday said it expects to continue the strong momentum next year after closing 2023 with record sales as rising demand from tier II and III markets is slated to fuel further growth. The company is set for a record year in terms of sales in 2023. It has already clocked a total of 2,10,479 units in the January-November period of 2023, beating the previous highest yearly sales of 1.72 lakh units in 2012. "At TKM (Toyota Kirloskar Motor), we are equally confident for the next year, fuelled by the rising demand from tier II and III markets and overall buoyant customer sentiments. Our primary focus is on further elevating the customer experience to meet their evolving needs," company Vice President of Sales and Strategic Marketing, Atul Sood said in a statement. Further, he said the company is also "looking forward to creating a lot more buzz around our sustainable offerings in the mass electrification space, contributing to our goal of carbon neutrality". So

Hybrid cars optimal solution to scale electrification of vehicles: Toyota

Japanese auto major Toyota on Thursday said hybrid cars will be an "optimal solution" to build scale for increased use of electrified vehicles in India, according to a senior executive. In a virtual press briefing with global media prior to Japan Mobility Show, Toyota Daihatsu Engineering and Manufacturing Co Executive Vice President Pras Ganesh said multiple green technologies were required to cater to varying needs of different regions in a vast country like India. "The hybrid electric vehicle we think is maybe an optimal solution to begin scale in terms of electrification..around 40 per cent of the distance and around 60 per cent of the time on a hybrid electric vehicle based on Indian statistical testing, is actually on zero emission," he noted. It's a very good solution without the need for any additional infrastructure, Ganesh said. He noted that looking at the size of the country, multiple solutions were required when it came to offering electrified vehicles. "Even if you t

Toyota's Rumion launched in India, check price, variant, and specifications

Toyota has launched Rumion MVP in India with a starting price of Rs 10.29 lakh. Booking for the Rumion has begun and the delivery will start on September 8

Toyota registers best-ever monthly vehicle sales in July at 21,911 units

As a part of expanding its footprint in the Indian market, Toyota is leveraging its partnership with Maruti Suzuki to introduce rebadged Maruti cars

All-new Toyota Fortuner leaked ahead of debut in 2024, details below

Toyota's new Fortuner is expected to launch in early 2024, no official confirmation yet. According to leaked reports, the Fortuner has a sharp LED headlamp cluster with integrated LED Daytime lights

Toyota Rumion, Ertiga-based MPV to be launched in India by September

This will be Toyota's third product from Maruti Suzuki in India after Urban Cruiser and Glanza which are inspired by Maruti's Brezza and Baleno, respectively

We will bring vehicles that will run 100% on ethanol soon: Nitin Gadkari

Toyota will launch Camry in August this year which will run 100% on ethanol. The car will also generate 40% electric power