The automaker, which has announced plans to open a small-car plant in India, is in the early stage of planning for a second factory in an emerging country, a company spokeswoman said on condition of anonymity, citing policy. More
Courtesy: economictimes.indiatimes.com
Archive for the 'Toyota India' Category
Toyota considers new plant to make low-cost, small cars
Published May 14th, 2008 in Toyota India. 0 CommentsToyota gets approval for supplying ‘Innova’ to govt dept
Published April 28th, 2008 in Toyota India. 0 Comments“The Government of India has accorded the Directorate General of Supplies & Disposals (DGS&D) rate contract for the Toyota Innova 2.5 E seven and eight seater diesel versions,” Toyota Kirloskar Motor (TKM) said in a statement. More
Courtesy: economictimes.indiatimes.com
Toyota overtakes GM as world?s top automaker
Published April 24th, 2008 in Toyota India and General motors India. 0 CommentsGM said on Wednesday that its first-quarter sales dropped across the globe by less than 1%, but Toyota said its sales were up 2.7% during the January-March period.
GM barely won the global sales race with Japan-based Toyota last year. Toyota overtook General Motors as the world?s top automaker in global vehicle production last year. A record 64% of GM?s sales came from outside the United States. More
Courtesy: indiacar.net
Toyota’s small sedan to debut by 2010
Published April 11th, 2008 in Hyundai Motors and Toyota India. 0 CommentsAfter producing a range of utility vehicles and premium sedans during its decade long stint in India, it plans to debut its new global compact sedan by 2010. It is setting up a new manufacturing facility by investing Rs 1,400 crore to initially produce 1 lakh cars annually. More
Courtesy: economictimes.indiatimes.com
Toyota Kirloskar to build 2nd plant near Bangalore
Published April 11th, 2008 in Toyota India. 0 CommentsToyota Kirloskar Motor Pvt Ltd (TKM) on Friday announced that it will invest about Rs 1,400 crore ($350 million) to build its second plant near its existing facility near Bangalore for manufacturing a small car.
Toyota Kirloskar Motor?s Deputy Managing Director, Mr K.K. Swamy, said the second plant will start operations from 2010 and it will have an initial annual production capacity of around 1 lakh car units. The capacity will be increased over time. Read more
Courtesy: indiacar.net
World’ second largest car company Toyota Motor Corporation is set to join the elite club of car makers by launching the Lexus brand in India — the highest selling global marquee brand. Lexus will be pitted against luxury brands BMW, Mercedes-Benz, Porsche, Volvo and Audi which are already present in India.
Keeping an eye on the rapidly-growing demand for luxury vehicles in India and the exciting line-up of products from European, American and fellow Japanese carmakers, Toyota is planning to introduce LS 460 sedan and LX 470 sports utility vehicle (SUV) in India in the next two years. It also has plans to launch another SUV, the RX 330, in the domestic market. Read more
Courtesy: economictimes.indiatimes.com
Global auto giant Toyota is all set to unveil its small car plans for India, announcing the roadmap for sourcing compact cars for its global requirements. Sources said, the company is believed to be in talks with the Karnataka government for acquiring an additional 400 acres of land, adjacent to its existing facility, doubling its spread to over 800 acres. Read more
Courtesy: economictimes.indiatimes.com
Toyota Motor Corp still expects to see a second-half recovery in industry-wide auto sales in North America, though tighter credit conditions have injected a note of uncertainty, the automaker’s president said on Monday. Speaking through a translator on the eve of the Geneva auto show, Toyota President Katsuaki Watanabe also said the stronger yen was making conditions tougher for the automaker, but vowed to take steps to respond. Read more
Courtesy:economictimes.indiatimes.com
Toyota rolls out used car business in Delhi
Published February 3rd, 2008 in Toyota India. 0 CommentsToyota Kirloskar Motor, a unit of the world’s biggest car maker by sales, has started its used car business - Toyota U Trust, in the city through one of its dealerships here.
The outlet, inaugurated at the company’s dealership Galaxy Toyota, would involve sales, purchase and exchange of used Toyota and other car brands More
Courtesy:economictimes.indiatimes.com
Toyota may make India export hub for its small car
Published January 28th, 2008 in Toyota India. 0 CommentsToyota Motor Corporation President, Mr Katsuaki Watanabe?s, visit to the Capital on Monday and meeting with the Prime Minister and other top government personnel seems to be a harbinger of good news for the country. There are indications that the company is set to tread a similar path as global car makers Suzuki and Hyundai, and is actively looking at making the country an export hub for its small car.
The Japanese car major seems to be looking at scaling up investments and capacity at its existing facility in Bangalore. ?Toyota is considering doubling investments and capacity in the country. It is looking at making India an export hub for their small car. The company may firm up its plans over the next two-three months,? said the Union Commerce Minister, Mr Kamal Nath, on his meeting with Mr Watanabe here. More
Courtesy:www.indiacar.net
