(Reuters) - Japanese automaker Toyota Motor Corp <7203.T> said it is spending $1.33 billion in its Kentucky plant as part of a plan to invest $10 billion in the United States over the next five years.
Toyota Kirloskar Motor (TKM) today reported 80 per cent increase in its sales in March at 13,800 units driven by its Innova Crysta and new Fortuner models. The company had sold 7,637 units in the same month last year. For the fiscal 2016-17, TKM posted a growth of 11 per cent at 1,42,500 units as against 1,28,500 units in the previous fiscal. "Our growth has been largely driven by Innova Crysta and Fortuner. We have so far delivered 75,000 units of Innova Crysta and 10,350 units of Fortuner in five months since its launch," Toyota Kirloskar Motor Director and Senior Vice-President Sales & Marketing N Raja said. The robust demand of the two vehicles helped the company make up for five months of absence in Delhi-NCR region during the fiscal when diesel cars and SUVs with engine capacity of 2,000cc and above were banned, he added. "Earlier in the fiscal, when the ban was on in Delhi-NCR we were looking at flat growth but in the last few months of the year our sales have picked .
The fresh funds would be used to update its Burnaston factory
GENEVA (Reuters) - Toyota Motor Corp <7203.T> expects to increase its European sales by 5 percent this year to 975,000 vehicles and maintain its market share of around 5 percent, buoyed by the popularity of hybrids, its regional head said on Monday.
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