Page 3 - Toyota Kirloskar Motor

Indian Bank ties up with Toyota Kirloskar Motor to offer vehicle financing

Public sector Indian Bank has inked a pact with automaker Toyota Kirloskar Motor to offer vehicle financial options to its customers, the bank said on Tuesday. The tie-up would offer various initiatives including 90 per cent on-road funding with no processing fee, foreclosure and party payment charges to prospective customers. The development will now enable bank's customers, especially in the rural and semi-urban markets to buy their vehicles from Toyota Kirloskar Motor, the city-headquartered Indian Bank said in a statement here. "This is yet another step by Indian Bank to enhance banking experience of our customers. As a bank, with pan-India presence, especially in rural and semi-urban areas. This association will further boost our auto-financing segment," Indian Bank executive director Imran Amin Siddiqui said. "Digitization of loan procedures has significantly reduced the turn around time for retail loan. We are keen to provide our customers comfort and convenience, by alignin

Toyota Kirloskar Motor vehicle sales surges 175% to 12,835 units in January

Toyota Kirloskar Motor (TKM) on Wednesday reported a 175 per cent growth in vehicle sales at 12,835 units in January. The company had sold 7,328 units in the year-ago period, Toyota Kirloskar Motor said in a statement. "Even with a month-on-month strong growth of 175 per cent, we anticipate customer demand to gain further momentum in this year," Atul Sood, vice president, sales and strategic marketing at TKM, said. The carmaker had announced opening of bookings for its Hilux and the Innova Crysta models besides announcing the prices of the CNG variants of its Urban Cruiser Hyryder. The company has commenced dispatches of its Hycross SUV and is making efforts to meet the growing demand for the vehicle in the country, he said and added that its Urban Cruiser Hyryder also continues to witness healthy demand. In addition to this, the company's flagship models -- Camry, Fortuner, Legender and Vellfire -- also continue to garner good orders, he added.

Toyota commences bookings of new multipurpose diesel vehicle Innova Crysta

Toyota Kirloskar Motor on Friday said it has commenced bookings for the updated version of its multipurpose vehicle Innova Crysta. The model now comes with a 2.4-litre diesel powertrain mated with a five speed manual transmission across four trims. It can be booked for Rs 50,000 at company dealerships or online, Toyota Kirloskar Motor (TKM) said in a statement. The opening of bookings for the new Innova Crysta comes on the heels of the launch of the Innova HyCross (available in Gasoline and Strong Hybrid Electric powertrains). "This vehicle (Innova Crysta) is a perfect choice for customers preferring a rugged and practical vehicle, well known for its unparalleled comfort and safety," TKM Vice President, Sales and Strategic Marketing Atul Sood stated.

Vikram Kirloskar's daughter Manasi takes over as Toyota Kirloskar Motor VC

The resolution, passed in its board meeting, comes after the untimely demise of Late Vikram S Kirloskar, former Vice Chairman of Toyota Kirloskar Motor

Supply chain issues do remain, but things are better: Toyota India exec

2023 is going to better for company in terms of sales, says Vikram Gulati

Toyota Motor's Indian unit warns of a possible customer data breach

Toyota India said it has notified the relevant Indian authorities of the data breach at Toyota Kirloskar Motor, a joint venture with Indian conglomerate Kirloskar Group

Toyota Kirloskar reports data breach, extent of intrustion not confirmed

Toyota Kirloskar Motor on Sunday reported a data breach in its system but said the extent of intrusion is being confirmed. In a statement, the company said it has been "notified by one of its service providers of an incident that might have exposed personal information" of some of its customers on the internet. "The extent of intrusion is being confirmed," Toyota Kirloskar Motor (TKM) said in a statement. The competent authority CERT-In (Indian Computer Emergency Response Team) under the Ministry of Electronics and Information Technology has been notified, it added. "Considering this incident, TKM will work with its service provider to further enhance the existing extensive guidelines being followed and is fully committed to avoid any kind of inconvenience to our esteemed customers," the company said, apologising "for any concern" the incident may have caused to its customers.

Toyota Kirloskar Motor sales drop 3.8% to 10,421 units in December

Toyota Kirloskar Motor on Sunday reported a 3.8 per cent decline in its dispatches to dealers at 10,421 units in December 2022. The company had clocked wholesales of 10,834 units in December 2021, Toyota Kirloskar Motor (TKM) said in a statement. For the calendar year 2022, total wholesales were at 1,60,357 units as against 1,30,768 units in 2021, a growth of 23 per cent. The sales in 2022 were also the company's highest wholesales in the last 10 years, it said, adding the previous record was in 2012 with a total of 1,72,241 units. TKM Associate Vice President, Sales and Strategic Marketing Atul Sood said 2022 has been "tremendous" for the company both in terms of new product launches such as the Urban Cruiser Hyryder and the Innova Hycross, as well as sales performance. At the upcoming Auto Expo 2023, he said the company will showcase its sustainable offerings in the mass electrification space as well as alternate fuel technology, contributing to its ultimate goal of carbon ...

Toyota Motor's new Innova HyCross priced at Rs 18.30 lakh onwards

Toyota Kirloskar Motor on Wednesday said the new hybrid version of its multi-purpose vehicle Innova will be available at a price starting from Rs 18.30 lakh (ex-showroom). The Bengaluru-based auto major unveiled Innova HyCross in November and it will be available at the dealership from mid next month. The self-charging hybrid version of the vehicle has been priced between Rs 24.01-28.97 lakh (depending upon the variant) while the gasoline version will come in the range of Rs 18.30-19.20 lakh, the company said in a statement. The Innova HyCross comes with a self-charging strong hybrid electric system, a 2-litre petrol engine along with an e-drive sequential shift system. It will also be available with an option of 2-litre engine mated to an automatic transmission. The booking for the vehicle commenced on November 25. The launch of the feature-packed Innova HyCross is a significant milestone for us in India and we are truly humbled by the overwhelming response received from across

Kirloskar Bros shareholders to vote on forensic audit starting Tuesday

Kirloskar Industries, a key investor in KBL, had sought the audit over legal fees of Rs 70 crore incurred by the latter. An EGM to consider this issue will be held on Dec 8

Toyota Kirloskar Motor reports 10% decline in sales in Nov to 11,765

Toyota Kirloskar Motor (TKM) on Thursday said its wholesales declined by 10 per cent to 11,765 units in November 2022. The company had sold 13,003 units in the domestic market in the year-ago period. TKM has discontinued compact SUV Urban Cruiser and also paused bookings for diesel version of Innova which impacted its overall dispatches last month, a company statement said.

Vikram Kirloskar remade Indian manufacturing; his legacy is everlasting

Vikram Kirloskar, vice chairperson of Toyota Kirloskar Motor, passed away at age 64 on Tuesday

Toyota Kirloskar Motor Vice Chairman Vikram Kirloskar passes away at 64

Vikram Kirloskar, a pioneer of India's automotive industry, played a key role in bringing Japan's Toyota Motor Corp to India in the late 1990s

Carbon reduction hinges on share of renewables in energy: TKM's V Kirloskar

The share of renewable energy as a percentage of total generation is only 30 per cent. Unless this goes up I don't see carbon emission coming down, Kirloskar said

Toyota Kirloskar Motor focussing on hybrid vehicles: VC Vikram Kirloskar

Toyota Kirloskar Motor will bring electric vehicles in India in future, but at the moment it is focussing on hybrid vehicles keeping in mind the objective of meeting holistic carbon reduction, company Vice Chairman Vikram Kirloskar said. The company, which on Friday unveiled Innova Hycross -- the new hybrid version of its popular multi-purpose vehicle Innova -- also expects full capacity utilisation at its two manufacturing units in Bengaluru by the middle of next year. "I think the country's objective is to reduce carbon (emission). You have to look at it holistically and (on a) scientific basis and that's what we are doing," he told PTI here, when asked about Toyota Kirloskar Motor's strategy of focussing on hybrids at a time when electric vehicles (EVs) have started gaining traction in India. Kirloskar argued that considering the current low level of renewable energy sources in India, EVs do not necessarily serve the purpose of reducing carbon emissions. He cited a recent study

Toyota Kirloskar forays into CNG segment; introduces 2 new models

Toyota Kirloskar Motor on Wednesday announced its foray into the CNG segment with the launch of Glanza and Urban Cruiser Hyryder trims with the environment-friendly powertrain. The two CNG trims of Glanza are priced at Rs 8.43 lakh and Rs 9.46 lakh respectively. The company, however, did not disclose the price of Urban Cruiser Hyryder CNG variants. Toyota Kirloskar Motor (TKM) Associate Vice President, Sales, and Strategic Marketing, Atul Sood said that being a customer centric company, the automaker believes in placing customers' interest at the forefront. "Our goal at Toyota has always been to serve the market needs with a clear focus on customers' aspirations, and by providing the most viable products and services to our customers. "With the same vision in mind, we are delighted to announce our foray in the CNG segment, driving in CNG variants for two of our much sought-after offerings, the Toyota Glanza and the Urban Cruiser Hyryder," he noted. With the latest addition, the .

Toyota Kirloskar Motor wholesales up 6% at 13,143 units in October

Toyota Kirloskar Motor on Tuesday reported a 6 per cent increase in domestic wholesales at 13,143 units in October. The company had sold 12,440 units in the same month last year in the domestic market, Toyota Kirloskar Motor (TKM) said in a statement. "Demand continues to grow as we witness strong bookings for the self charging hybrid electric model - Urban Cruiser Hyryder. The brand-new SUV from Toyota has received a phenomenal response with booking orders exceeding our expectations," TKM Associate Vice President, Sales, and Strategic Marketing Atul Sood said in a statement. Deliveries of the model are also in full swing, he added. "Our flagship models like the Innova Crysta petrol, Fortuner, Legender, Camry and Vellfire continue to garner good traction both in terms of enquiries as well as orders," Sood said.

Kirloskar Industries' Board seeks forensic audit on Kirloskar Brothers

KIL raised questions whether the KBL Board, especially the independent directors of KBL, verified the claims made by Sanjay Kirloskar in relation to the Deed of Family Settlement

A family at war: Kirloskar siblings await SC judgement on arbitration

The Kirloskars are fighting a legal war over group assets with Sanjay Kirloskar chairman of Kirloskar Brothers Ltd on one side, and his brothers, Atul, 66, and Rahul, 59, on the on the other side

BSVI phase 2: Diesel car cost likely to rise by nearly Rs 80,000

Initial acquisition cost of hybrid models to be on a par with diesel ones