So far the company has got orders for 54 units of Prius from customers in India.
Toyota on Wednesday launched an advanced version of its multi-purpose vehicle Innova in India, offered at an introductory price between Rs 7,66,000 and Rs 11,06,000 (ex-showroom, Delhi).
Move aimed at removing confusion among private buyers
The auto maker, which is recalling more than a million vehicles in different parts of the world, had a loss of 164.7 billion yen in the same period a year ago. In the third quarter of fiscal year 2010, consolidated vehicle sales jumped 227,000 units, Toyota said on Thursday.
The company, which is present in India through a joint venture with Kirloskar Group, is investing about Rs 3,200 crore (Rs 32 billion) to set up its second manufacturing facility in Bangalore to roll out the car by early 2011.
The new Prado is available in five exciting colours-- White Pearl Crystal Shine, Silver Metallic, Grey Metallic, Greyish Blue Metallic and Black.
The curious case is of Honda, which has moved up the pecking order while actually losing market share!
Japanese car giant Toyota on Thursday said it will display 14 production and concept vehicles, including its low-cost compact car, at the forthcoming Auto Expo in the capital.
Toyota Kirloskar Motor will, over the next 45 days, open around 30 dealerships for a smooth roll out of its much publicised compact car, the Etios, as well as the Etios sedan.
Since the beginning of its sales in India, French MPV Renault Lodgy has always faced stiff competition from Toyota Innova as the ultimate people's mover.
TKM is also showcasing its Toyota Prius hybrid car in the biennial event in the national capital and is looking for its launch in the Indian market.
The two countries, technically still at war after their 1950-53 conflict ended with a truce, agreed on Tuesday that North Korea would send a large delegation across the border to next month's Games.
TKM is investing Rs 3,200 crore in the second facility, which will have an initial capacity of 70,000 units as it gears to launch a small car in the Indian market by early 2011.
Toyota Motor withdrew from Formula One on Wednesday, leaving Japan without a team in motorsport's premier series. Company president Akio Toyoda apologised for the team's failure to record a single race victory since joining F1 in 2002 despite an estimated annual budget of around $300 million.
Hino Motors Corporation, a Toyota Group company, said on Monday it would launch luxury buses for Indian roads by December. The Indian arm, Hino Motors Sales India Pvt Ltd, has also set a target to sell 700-800 units of heavy trucks and buses before March 2010 and plans to double it by next year.
Toyota Motor Corporation, which runs its Indian operation through a joint venture -- Toyota Kirloskar Motor -- with the Kirloskar Group, is constructing the second plant at its Bangalore facility with an investment of Rs 3,200 crore (Rs 32 billion) to manufacture the small car.
Toyota Kirloskar Motors Limited is looking to make further inroads into the Indian market as it puts its strategy into overdrive. With the launch of the Prius and its small car in 2010, it is looking to add another volume product to its portfolio.
Prius is the highest selling hybrid model of TMC with a cumulative global sale of over 1.4 million units since 2000.
Toyota have offered Kimi Raikkonen a deal for next season but the 2007 Formula One champion's management wants more, according to the team's motorsport president John Howett. The party-loving Finn has said he wants to be in a competitive car, and Toyota have yet to win a race since they entered the sport in 2002.
Take out Maruti Suzuki and Honda, and the auto sector's prospects suddenly don't look all that rosy.
Toyota has asked 3.8 million vehicle owners of seven popular models to remove the floor mat of their car that could jam the accelerator pedal and cause a crash.
Toyota will be hiring as many as 1,600 contract employees in the coming months, indicating that the auto sector is slowly recovering.
The company is wooing smaller towns to create awareness for Etios to be launched in December.
The partnership will look to expand Ford's reach in the fast-growing Indian market and improve M&M's access to global markets
Toyota Kirloskar Motor is considering a price increase in Corolla Altis and Innova due to rising input costs and fluctuation in exchange rates.
Fitted with a digital camera, the alcolock locks the ignition if it detects that the driver has drunk too much, or is under the legal limit, and gives the motorist a warning.
While Tata Elxsi will steer clear of building hardware sensors used in autonomous driving, the company is also working with large Tier-1 suppliers to co-develop sensors that will be work with its underlying software.
Toyota can be credited for kick starting the MPV revolution in India with the Qualis, which was the company's entry model for our country. Despite the skeptical views of the reviewers for Qualis, the car succeeded and paved the way for Innova. Now in its second generation, Indian automobile website MotorBeam.com have decided to gauge how big is the leap between the two generations of the people mover.
Top 10 vehicles, value-wise, is dominated by the two players in the market, Maruti Suzuki & Hyundai
The new SUV comes with a 3.0 litre D-4D diesel engine with five speed manual transmission.
Maruti, Honda and Tata Motors posted highest sales growth during the month
The world's largest carmaker, Toyota, is evaluating options to introduce a diesel version of its small car to be launched in the Indian market by 2011.
The auto maker had a profit of 353.65 billion yen in the same period a year ago, Toyota said in a statement. Total net revenues declined to 3,836 billion yen for the first quarter of the current fiscal (2009-10) as against 6,215.13 billion yen in the corresponding period a year ago.
The New Camry would be available in four grades and is priced between Rs 21,26,000 and Rs 23,40,000, officials of Toyota's Indian unit, Toyota Kirloskar Motor, told a news conference in Bangalore. The launch was seen as Toyota's attempt to revitalise sales of this model.
Tavish, author of the fantasy book Cren and the War of Seven Days, and Hemant, founder of the climate change awareness Web site CarbonNeutralVolunteers.org, were among the 12 national winners of the scholars program selected from 100 regional winners.
The Tata Safari is an SUV which was the big brash brutish bully of the road in the early 2000s before the Toyota Fortuner snatched that crown. The car's styling still harkens back to the pre-Zest era of Tata Motors but there is still a whole lot more than what meets the eye. Therefore, the people at MotorBeam decided to induct the powerful Varicor 400 variant of the new Tata Safari Storme in their long term fleet to test out whether the big burly beast is still relevant or not.
The company, which is present in India through a joint venture with the Kirloskar Group, plans to launch the new Camry with some changes in its looks after the sales of the model fell drastically by over 75 per cent during the April- June period.
'Both Japan and China face a common challenge: How to deal with Trump.' 'The trade war with the US seems to have facilitated/hastened Abe's China visit, the first by a Japanese prime minister since 2011,' points out Dr Rajaram Panda.
Reliance on a single model begins at about 40% and goes up to 80 % in case of some companies
Toyota's Fuji International Speedway gave up the hosting rights for the Japanese Formula One Grand Prix in 2010 and beyond on Tuesday to cut costs amid the global economic downturn. The circuit, majority held by the world's biggest automaker, had been scheduled to alternate each year with Honda-owned Suzuka.
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