Page 4 - Toyota Motor

Toyota fined $60 m for lending abuses, soiling credit reports: US regulator

Toyota Motor Credit, the automaker's U.S.-based lending arm, will pay a $12 million civil fine and $48 million to car buyers harmed since 2016

Toyota launches Innova Hycross GX Limited edition, costs Rs 20 lakh

Based on the lower GX variant, the Limited edition Innova Hyrcoss misses out on the more fuel-efficient hybrid engine option

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

Car sales to cross 4 mn mark this year on strong demand despite price hikes

Carmakers are expecting sales of 4.10 to 4.17 mn cars this calendar year. This is 8-10% more than the sales registered in 2022, despite the high base of last year

Toyota initiates process to enhance manufacturing capacity in India

Japanese auto major Toyota Motor Corporation has initiated the process to enhance manufacturing capacity in India with two plants running at full capacity in the country, a senior company official said on Thursday. Speaking to media on the sidelines of the Japan Mobility Show here, Toyota Motor Corporation Board Member and Executive Vice President Yoichi Miyazaki confirmed the development and said the company is reaching full plant capacity utilisation in India. "We have started a discussion (on the matter)," he said when asked if the company is looking to make fresh investment on capacity enhancement in the country. He said the demand for automobiles, especially higher segment cars, has surged in India post Covid. "After Covid, the market recovery is very strong (in India) in comparison to other countries so we believe demand itself is very strong in India," the company executive said. Bengaluru-based Toyota Kirloskar Motor, a joint venture between Toyota Motor Company and Kirlos

As auto shipments to US, Europe climb, Japan's exports rise, imports drop

Japan's exports climbed 4.3% in September from a year earlier as shipments of vehicles, machinery and electronics rose while imports of oil and gas fell sharply, the government said Thursday. Exports totaled 9.2 trillion yen ($61 billion) in September while imports fell 16.3% from the year before to 10.9 trillion yen ($72 billion), according to provisional customs data released Thursday. That left a positive balance of 62.4 trillion yen ($410 billion), the first monthly trade surplus in three months. September's increase in exports was the biggest gain since March and was stronger than analysts had expected. The figures suggest strong activity in Japan's vital manufacturing sector despite faltering global demand. Economists said the drop in imports was mainly due to base effects from the year before. In the first half of Japan's fiscal year, from April-September, exports edged up just 1.4% from a year earlier, to a record 50.2 trillion yen ($330 billion) while the trade deficit sh

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 Motor plans third India plant, new SUV as domestic sales surge

The world's biggest car maker wants the plant to start with capacity of 80,000-120,000 vehicles a year, which could grow to around 200,000 over time

Toyota Motor keeps up the push to prove it can embrace new technology

The world's largest carmaker invited a clutch of journalists on a tour of three factories in Aichi prefecture, near its headquarters in the city of Toyota, last week for another peek

ADAS: The new buzzword in car market, everything you need to know about it

ADAS can detect lane departures and can either warn the driver about the lane departure or, in higher-level ADAS cars, take control of the steering and put the vehicle back in the lane

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 Motor to resume Japan plants after rare system malfunction

The company doesn't suspect it's the victim of a cyberattack, the spokesperson said

Union minister launches Toyota Innova MPV, world's first ethanol-fueled car

Nitin Gadkari unveiled the Innova MPV, which is the world's first car that runs completely on ethanol fuel. This is a government initiative to avoid dependency on petroleum imports

Toyota launches Rumion MPV at Rs 10.29 lakh; booking starts at Rs 11,000

The Rumion costs about Rs 51,000-61,000 more than the Ertiga (the car it is based upon), which varies according to the variant one decides to buy

Toyota introduces Rumion, looks to bolster presence in MPV segment

Toyota Kirloskar Motor on Thursday introduced an all-new model Rumion in the country as it looks to further strengthen its position in the robustly growing domestic multi purpose vehicle (MPV) segment. The seven-seater model comes with a 1.5-litre petrol engine mated with a five-speed manual and six-speed automatic transmissions. It also features a CNG trim. Toyota Kirloskar Motor (TKM) said the prices and booking date of the model will be announced in due course of time. It, however, noted that the vehicle be available from the early festive season in dealerships for deliveries. "At Toyota, we believe in going beyond delivering world-class vehicles. Our deep-rooted culture is to offer products and services that create exceptional value and offer peace of mind to our loyal customers. The all-new Toyota Rumion embraces this ethos," TKM Managing Director and Chief Executive Officer Masakazu Yoshimura said in a statement. As a brand, that is deeply committed to the Indian market and

Toyota Motor's quarterly profit tops estimates, shares hit all-time high

Net sales for the fiscal first quarter rose 24 per cent to ¥10.6 trillion, topping the prediction for ¥9.8 trillion. For the full year, Toyota kept the revenue outlook at ¥38 trillion

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

After passing rigorous tests, Toyota Hilux joins Indian Army vehicle fleet

Toyota Hilux was tested in rough terrain and challenging weather conditions which included driving it at altitudes of 13,000 feet to testing its performance at sub-zero temperatures

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