Page 2 - Toyota Motor

EV sales drop 14% to 106,081 units in June, signalling challenges ahead

Sector experts suggest that the sharp decline could be due to a combination of factors such as changes in government policies and customers shifting interest towards hybrids

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

From US to Japan, here's how strongest car unions deal with EV job losses

In South Korea, Hyundai Motor Co. and Kia Corp.'s moves toward electrification are provoking similar anxieties in that country's highly active and organised labour movement

Toyota shareholder meeting: Focus remains on level of support for chairman

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

Toyota to recall over 100,000 US vehicles over potential engine stall

The recall includes some Toyota Tundra pickup trucks and Lexus LX600 SUVs equipped with the Japanese automaker's V35A six-cylinder engine

Toyota, Mazda halt shipments as Japanese auto safety scandal widens

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

Japan auto safety test scandal widens, Toyota halts some shipments

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

Toyota, other Japan automakers under scrutiny for certification issues

The transport ministry said separately it will conduct an on-site inspection at Toyota's headquarters on Tuesday

Toyota's global volumes fall in April as sales drop in China and Japan

Toyota's Japan sales were hit by a temporary halt to production of the Prius model at its Tsutsumi plant for quality checks and a partial halt of production at a line at a Toyota Auto Body plant

Toyota showcases next-generation engines adaptable to different fuels

It displayed in-development 1.5 litre and 2.0 litre engines with significantly reduced volume and height versus current engines

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 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 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'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.

Toyota hits record annual output, sales on account of robust demand

The world's largest automaker by volume, however, saw its sales and production fall in March amid fierce competition in China, the world's largest auto market

Nissan trims annual operating profit estimate by 14.5% on lower sales

Nissan's quarterly sales performance was also hurt by stronger-than-expected US demand for hybrids, Uchida said, a trend that has especially benefited rival Japanese automaker Toyota

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 Kirloskar sees highest-ever monthly sales at 27,180 units in March

Toyota Kirloskar Motor on Monday reported its highest-ever monthly wholesales at 27,180 units in March. The company's total dispatches to dealers increased 25 per cent last month to 22,910 units as compared with 21,783 units in March 2023. For the 2023-24 fiscal the company reported the highest-ever wholesales of 2,63,512 units, an increase of 48 per cent as against 1,77,683 units in 2022-23. "We are thrilled to close both our wholesales for 2023-24 fiscal year and March 2024 by recording the highest-ever units of 2,63,512 and 27,180 respectively," Toyota Kirloskar Motor (TKM) Vice President, Sales-Service-Used Car Business Sabari Manohar said in a statement. With a customer-oriented approach, the company has always remained ahead in assessing and understanding the diverse needs of varied customers and market trends, serving them the best with our wider range of quality products and services, he added. "We will continue to do so with an emphasis to meet the rising consumer demands

Toyota Kirloskar Motor to raise prices on select vehicles from April 1

Automaker Toyota Kirloskar Motor on Thursday said it plans to increase prices of select vehicles up to 1 per cent from April 1 citing rising input costs and operational expenditures. In a statement, the company said it is planning to increase prices of certain grades of its specific models effective April, 1 2024. "With an anticipated 1 per cent increase, the move is attributed to escalating input costs and operational expenditures," Toyota Kirloskar Motor (TKM) said. TKM sells a range of vehicles starting from hatchback Glanza to premium SUV Fortuner which are priced between Rs 6.86 lakh and Rs 51.44 lakh.