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Toyota India

Toyota to post 1st profit drop in 2 yrs as demand cools after big run

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

Toyota to post 1st profit drop in 2 yrs as demand cools after big run
Updated On : 05 Nov 2024 | 11:07 AM IST

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)

Registration fee waiver in UP to spur hybrid car sales? What Nomura says
Updated On : 10 Jul 2024 | 9:54 AM IST

We rely on demand pull; no excess stock with dealers, says Toyota

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

We rely on demand pull; no excess stock with dealers, says Toyota
Updated On : 01 Jul 2024 | 10:33 PM IST

Toyota reports booming profit, vows to invest to keep growth going

Toyota doubled its net profit in the fiscal year that ended in March, as strong vehicles sales and a favorable exchange rate lifted results for Japan's top automaker. Toyota Motor Corp.'s annual profit totaled 4.9 trillion yen ($31.9 billion), up from 2.45 trillion yen the year before, while its sales jumped 21% to 45 trillion yen ($290 billion), the company said Wednesday. The results exceeded than Toyota's own projection for a 4.5 trillion yen ($29 billion) profit, as its global sales surged to 9.4 million vehicles from 8.8 million vehicles in the previous fiscal year. Sales of hybrids performed well, although Toyota stressed it was working hard to offer various kinds of electric vehicles, including battery EVs, plug-ins and fuel cell models. A weak yen worked as a big plus for Toyota, which makes the Camry sedan, Prius hybrid and Lexus luxury models. The U.S. dollar cost an average of 145 Japanese yen during the last fiscal year, up from 135 yen in the year before, according to

Toyota reports booming profit, vows to invest to keep growth going
Updated On : 08 May 2024 | 1:56 PM IST

Toyota Motors to get an earnings lift from hybrids as EV hype cools

As global demand for battery-powered EVs has slowed, Toyota has cashed in by selling more hybrids, which come with relatively higher margins than regular gasoline cars

Toyota Motors to get an earnings lift from hybrids as EV hype cools
Updated On : 07 May 2024 | 12:53 PM IST

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 Urban Cruiser Taisor launched in India: Check price, features & more
Updated On : 03 Apr 2024 | 12:35 PM IST

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 extends shutdown of 2 plants after emission test irregularities
Updated On : 23 Feb 2024 | 1:17 PM IST

President, chairman of scandal-hit Daihatsu unit to step down, says Toyota

Daihatsu's chairman, Sunao Matsubayashi, will also step down and not be replaced, Toyota said

President, chairman of scandal-hit Daihatsu unit to step down, says Toyota
Updated On : 13 Feb 2024 | 1:20 PM IST

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 Motor hikes annual profit forecast after Q3 beats expectations
Updated On : 07 Feb 2024 | 12:09 AM IST

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 supplier Denso cuts Q3 profit forecast after hit by extra costs
Updated On : 02 Feb 2024 | 12:11 PM IST

Toyota registers highest-ever monthly sales in January at 24,609 units

Toyota Kirloskar Motor on Thursday reported its highest-ever monthly wholesales in January with dispatch of 24,609 units, an increase of 92 per cent over same month last year. The automaker had dispatched a total of 12,835 units to dealers in January last year. Last month the company sold 23,197 units in the domestic market. It also exported 1,412 units of the Urban Cruiser Hyryder. "The company's MPV and SUV offerings continue to be our greatest strength with major contributions from the Innova Hycross, Urban Cruiser Hyryder, Innova Crysta, Fortuner and the Legender," Toyota Kirloskar Motor (TKM) Vice President, Sales-Service-Used Car Business Sabari Manohar said in a statement Other offerings such as the Camry Hybrid, Glanza, Hilux, Vellfire and the Rumion too have fuelled company's growth story, he added. TKM has temporarily suspended the dispatch of its three models Innova Crysta, Fortuner and Hilux in the country after irregularities were found in the certification tests

Toyota registers highest-ever monthly sales in January at 24,609 units
Updated On : 01 Feb 2024 | 11:05 AM IST

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 suspends dispatch of 3 models in India due to some 'irregularities'
Updated On : 30 Jan 2024 | 2:52 PM IST

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

Toyota Kirloskar Motor confident of continuing strong growth in 2024
Updated On : 27 Dec 2023 | 2:54 PM IST

Toyota's global output surges 11% in Nov, sees record high on strong demand

Domestic sales for the month shot 27% higher, sales in both the United States and China increased by 17%, while those in Europe climbed 15%

Toyota's global output surges 11% in Nov, sees record high on strong demand
Updated On : 27 Dec 2023 | 10:35 AM IST

Toyota's unit raided after fake tests lead to suspension of all shipments

Japanese transport ministry officials inspected Toyota subsidiary Daihatsu on Thursday, one day after officials announced it was suspending the small car unit's shipments of all vehicles in and outside Japan after an investigation found improper testing involving 64 models. The safety test irregularities earlier this year prompted an independent panel investigation, which found widespread and systematic problems at Osaka-based Daihatsu Motor Co. It is the latest of safety or other violations found at at least five of Japan's major automakers in recent years. On Thursday, transport ministry officials began a deeper investigation at Daihatsu's offices over the systematic safety scandal that apparently persisted for decades. It's extremely regrettable, Chief Cabinet Secretary Yoshimasa Hayashi said Thursday. It damaged the trust of car owners and has shaken the foundation of the automobile certification system. Hayashi urged Daihatsu officials to fully explain the situation. So far,

Toyota's unit raided after fake tests lead to suspension of all shipments
Updated On : 21 Dec 2023 | 11:40 AM IST

Musashi targets 25% market share in EV transmission components by 2028

This investment will be used to establish new assembly lines for EV transmission components and to upgrade existing facilities

Musashi targets 25% market share in EV transmission components by 2028
Updated On : 27 Nov 2023 | 11:56 PM IST

Global debut of Toyota's ninth-gen Camry, gets petrol-hybrid powertrain

It gets a 2.5-litre petrol hybrid engine that returns 225 HP. The car also gets an all-wheel drive variant which gets an additional motor generator that produces a little more power at 232 HP

Global debut of Toyota's ninth-gen Camry, gets petrol-hybrid powertrain
Updated On : 16 Nov 2023 | 5:13 PM IST

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

Hybrid cars optimal solution to scale electrification of vehicles: Toyota
Updated On : 12 Oct 2023 | 7:29 PM IST

Rs 50,000 crore to fuel Maruti Suzuki India's expansion plans by FY31

Rs 45,000 cr to go towards boosting capacity by 2 mn, says Bhargava

Rs 50,000 crore to fuel Maruti Suzuki India's expansion plans by FY31
Updated On : 08 Oct 2023 | 11:42 PM IST

Toyota records highest-ever monthly sales at 22,910 units in August

Toyota Kirloskar Motor (TKM) on Friday reported its best-ever monthly sales at 22,910 units in August. The company's total dispatches to dealers increased by 53 per cent last month to 22,910 units as compared with 14,959 units in August 2022. The company said it sold 20,970 units in the domestic market last month. Exports stood at 1,940 units last month, it added. "Strong sales volume and enhanced demand showcase customers' ever-growing affinity for the brand. Toyota Urban Cruiser Hyryder and Innova Hycross continue to register a strong demand," TKM Vice President of Sales, and Strategic Marketing Atul Sood said in a statement. The Innova Crysta, Fortuner and Legendar are witnessing sustained segment leadership, he added. "Encouraged by the overwhelming response to our entire portfolio, we are constantly working on expanding our product portfolio to offer customers wider choices. In-line with the same, we announced two new launches in the month of August," Sood said. The company

Toyota records highest-ever monthly sales at 22,910 units in August
Updated On : 01 Sep 2023 | 12:01 PM IST