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Union Budget 2018
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Toyota seeks calibrated taxation, equal treatment for all technologies
Sun, Feb 18, 2018
Technology agnostic approach implies that a company is unbiased towards using any specific technologies to solve its business problems.
Toyota seeks India sales boost with aspirational, global-specifications models
Wed, Feb 07, 2018
Toyota`s current market share hovers around 5 percent and its two India plants operate at about half their capacity to manufacture more than 300,000 vehicles a year.
Global carmakers to invest at least $90 billion in electric vehicles
Tue, Jan 16, 2018
That money is pouring in to a tiny sector that amounts to less than 1 percent of the 90 million vehicles sold each year and where Elon Musk`s Tesla Inc, with sales of only three models totaling just over 100,000 vehicles in 2017, was a dominant player.
Toyota sees U.S. auto industry 2018 sales at 16.8 million units
Thu, Jan 11, 2018
Toyota Motor Corp sees U.S. auto industry new vehicle sales at 16.8 million units in 2018, Jim Lentz, the Japanese automaker`s top executive in North America told Reuters on Wednesday.
Toyota to make over 10 battery EV models in early 2020s
Mon, Dec 18, 2017
Toyota has expanded EV development capabilities since last year when it announced it would add fully electric vehicles to its product line-up. The announcement surprised some industry players as the automaker had long touted a green-car strategy focusing mainly on plug-in hybrid and fuel-cell vehicles (FCVs).
Auto makers post healthy double-digit sales growth in November
Fri, Dec 01, 2017
Utility vehicle sales, including Gypsy, Grand Vitara, Ertiga, S-Cross and compact SUV Vitara Brezza, increased by 34 per cent to 23,072 units in November from 17,215 in the same month of 2016, MSI added.
Build fast, fix later: speed hurts quality at Tesla, say some workers
Wed, Nov 29, 2017
The luxury cars regularly require fixes before they can leave the factory, according to the workers. Quality checks have routinely revealed defects in more than 90 percent of Model S and Model X vehicles inspected after assembly, these individuals said, citing figures from Tesla`s internal tracking system as recently as October. Some of these people told Reuters of seeing problems as far back as 2012.
Factbox: Automakers get serious about electric cars
Fri, Nov 17, 2017
Europe`s largest carmaker by unit sales will spend more than 34 billion euros ($40 billion) on electric cars, autonomous driving and new mobility services by the end of 2022.
Lexus may price new compact SUV hybrid NX 300h at Rs 60 L
Fri, Nov 17, 2017
Japanese auto major Toyota's luxury arm Lexus today unveiled a compact hybrid SUV, the NX 300h, which is a premium urban sports car and is expected to begin delivery from February.
Despite Diwali, Dussehra discounts, car sales fail to sparkle during festive month of October
Wed, Nov 01, 2017
October had two of the top festivals, ie Dussehra and Diwali, falling during the month, but this year the impact of GST and demonetisation seems to still have its impact on consumer spending.
Toyota says aluminium plates from Kobe Steel meet standards
Thu, Oct 19, 2017
Toyota Motor Corp on Thursday said that it had confirmed that aluminium plates supplied by Kobe Steel Ltd with falsified quality data which were used in parts for some of the Japanese automaker`s vehicles had met safety and durability standards.
Toyota plans to reduce its car models in Japan by 2025
Thu, Oct 12, 2017
Toyota Motor Corp is planning to halve the number of car models it sells in Japan to about 30 by 2025 from 62 models currently.
Toyota, Mazda, Denso to form electric vehicle venture: sources
Thu, Sep 28, 2017
Toyota, Japan`s biggest automaker, agreed to take a 5 percent stake in smaller rival Mazda in August and the two have flagged plans to jointly develop electric vehicle technologies.
Toyota would wait for charging infrastructure before launching electric vehicles in India
Sat, Sep 23, 2017
The Japanese automobile manufacturer says that it will wait for charging infrastructure to develop in India before taking a call to launch its electric vehicles in India.
Cars companies announce hike in prices with rise in GST cess
Sat, Sep 16, 2017
Car companies such Honda, Toyota, Fiat and Hyundai have all increased the priced of their cars after the increase in the GST Cess by the governement recently.
Car makers may hike prices soon with rise in GST cess from today
Mon, Sep 11, 2017
The GST Council's decision on increasing the cess on mid-size, large cars and SUVs will be implemented today as announced by CBEC.
Why hike in GST cess on luxury cars may dent investment, auto jobs in India
Tue, Aug 08, 2017
Except for small cars, all cars above 4 meters could see their prices go much above the pre-GST levels due to the hike in the on-road taxes in many states
Buying a car? These 10 cars saw massive sales drop in June 2017
Wed, Jul 12, 2017
Passenger car sales in India dropped 11.21% from 1,94,932 units in June 2017 from 2,13,331 units in the same month of last year. However, the cars that saw worse sales drop included Toyota Corolla, Maruti Suzuki S-Cross and Swift.
Seven out of top 10 cars sold in June were Maruti Suzukis; see list
Wed, Jul 12, 2017
Maruti Suzuki is the market leader when it comes to car sales in India and June was no different. Data provided by Society of Indian Automobile Manufacturers (SIAM) show that seven out of the top 10 cars that were sold in India in the month of June 2017 belonged to Maruti Suzuki.
Here is why the govt has dumped hybrid cars from its electric vehicle plan in India
Mon, Jul 03, 2017
While the government has given a lower 12% GST rate on electric vehicles, hybrid vehicles will incur a GST rate of 43%. Many automobile companies are angry with the government's decision.