Company expects car will impress buyers considering premium offers like Toyota Fortuner, Jeep Meridian and MG Gloster
Toyota to name it Urban Cruiser Hyryder; Suzuki's version is expected in August
India's central bank is on course to bring down prices but the retail inflation rate is likely to remain above the top end of its mandated target band until December, Governor Shaktikanta Das said
The peak festive season, which starts from Navratri and ends with Diwali, is critical for auto companies and accounts for a fifth of their annual sales
Toyota plans to start selling the bZ4X in other markets later this year, and pre-orders have already started in some European countries.
Toyota says it will suspend operations at more production lines at its factories in Japan this month due to the coronavirus lockdown in Shanghai, media reports said.
At present, the Urban Cruiser is priced between Rs 8.88-11.58 lakh while the Glanza is tagged at Rs 6.39-9.96 lakh (ex-showroom Delhi), depending on the variants.
"As a committed and customer-centric company, TKM has made all conscious efforts to minimise the impact of rising costs on consumers," said TKM Spokesperson in a statement
The news comes about a week after Toyota said it would scale back domestic production by up to 20 per cent during the months of April, May and June
The Japanese business daily Nikkei reported Tuesday the problem was ransomware
Top passenger vehicle makers, Maruti Suzuki, Hyundai, Mahindra & Mahindra, Toyota Kirloskar Motor and Honda, on Tuesday reported decline in vehicle dispatches from factories to dealers in January amid shortage of semiconductors continuing to hamper production. However, Tata Motors and Skoda Auto India posted huge jump in their domestic wholesales during the month. Maruti Suzuki India's domestic sales slipped by 8 per cent to 1,36,442 units last month as against 1,48,307 units in January 2021. "The shortage of electronic components had a minor impact on the production of vehicles which are primarily sold in domestic market. The company took all possible measures to minimise the impact," MSI said in a statement. Similarly, Hyundai Motor India Ltd reported a 15.35 per cent drop in its domestic sales to 44,022 units last month against 52,005 units in January 2021. In contrast, Tata Motors' total passenger vehicles sale was higher at 40,777 units last month as compared to 26,978 units
The vehicle being developed with the Japan Aerospace Exploration Agency is called Lunar Cruiser
The carmaker said sales were 10.5 million vehicles in 2021, including those by affiliates Daihatsu Motors and Hino Motors
Toyota launched new version of its premium sedan Camry Hybrid in the country priced at Rs 41.7 lakh (ex-showroom).
The masters of mass production laid out plans to splurge $170 billion over the coming years to preserve their claim on an industry they've dominated
Toyota and Suzuki are looking to make close to 114,000 units of the model per year
By 2030, Toyota is aiming for annual sales of 3.5 million BEVs, CEO Akio Toyoda told a news briefing, equivalent to around a third of its current global sales
Toyota Kirloskar Motor (TKM) on Wednesday said its domestic wholesales increased by 53% to 13,003 units in November.
The 10,993 sq m facility has a capacity to scrap and recycle over 24,000 ELVs annually
Like other global automakers, Toyota has been forced to cut output due to the chip shortage