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Toyota Kirloskar Motor on Friday said it has decided to temporarily halt bookings of top trims of its multi purpose vehicle Innova Hycross from April 8, owing to ongoing supply challenges. "We deeply regret to announce the temporary halt of bookings for top-end grades of Innova Hycross (ZX and ZX (O) only, with effect from April 8, 2023," the automaker said in a statement. The bookings of the other grades of Innova Hycross both the hybrid and gasoline, will continue, it added. Toyota Kirloskar Motor (TKM) had launched the Innova Hycross in November last year. The model is available in both self-charging strong hybrid electric variant [SHEV], as well as gasoline variant.
Toyota Kirloskar Motor aims to roll out products based on multiple clean technologies while also reinforcing its internal combustion engine based model range to cater to all kinds of emerging customer requirements in the country, according to company's Managing Director Masakazu Yoshimura. Terming India as one of the most important markets for Toyota globally, he noted that the automaker will keep rolling out products based on eco-friendly technologies considering various factors such as the country's energy mix, consumer needs and infrastructure readiness. The automaker, while acknowledging the government support in manufacturing in terms of various schemes like Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME II) and Production Linked Incentive (PLI) schemes, also pitched for a carbon-based taxation system. In an interaction with PTI on the sidelines of the Auto Expo here, Yoshimura noted that the automaker is conscious of the fact that a huge amount of fore
Toyota Kirloskar Motor (TKM) on Monday urged the government to come out with a scrappage policy for old vehicles ahead of the Budget, while also seeking to extend income tax benefits available for electric cars to other vehicles as well. "We would like the Budget to spur demand without putting any additional burden on the government exchequer; one way to achieve this is by realising the scrappage policy for all old vehicles, the draft policy of which has been shared by the government," TKM Senior Vice-President (Sales & Services) Naveen Soni said in a statement. The auto industry is willing to share its portion towards realising such scrappage policy, which will eventually have a more sustainable impact on the environment, he added. Additionally, another thrust area would be to extend the income tax benefits available for electric cars to other vehicles as well, or to extend the depreciation benefit currently available only to companies and professionals to personal customers ...