Toyota Kirloskar Motor (TKM) on Wednesday launched the new version of its premium SUV Fortuner, priced between Rs 29.98 lakh and Rs 37.43 lakh (ex-showroom Delhi). The company also introduced a high-end trim of the model, christened as Legender, priced at Rs 37.58 lakh.
When contacted a TKM spokesperson said: "After thorough discussions between Suzuki and Toyota, both companies have mutually made such a decision. We would like to refrain from commenting further at this moment, regarding our future product plans."
The new version of the model comes with various changes in exterior design and enhanced safety features like front clearance sonar (with MID display) to prevent collisions while parking in tight spaces.
Toyota will not suspend its expansion plans in the Indian market, the company has clarified. In a statement on Tuesday, Toyota Motor Corp. said it remains committed to the Indian market and its local unit has announced an investment of more than ₹2,000 crores.
Toyota Kirloskar Motor (TKM) on Monday said it has suspended operations at its manufacturing plant in Bidadi for a day following the death of an employee due to COVID-19.
Toyota Kirloskar Motor (TKM) on Monday said it will resume manufacturing operations at its Bidadi (Karnataka) plant from Tuesday.
Toyota Kirloskar Motor said on Thursday it has during the lockdown period used its years of knowledge, expertise and access to global best practices to devise a comprehensive 'restart manual' as a guide for industries to follow post the withdrawal of the curbs. With an intent to support the manufacturing sector.
Toyota's Etios series and Corolla Altis model will no more be seen at the dealers as the company has stopped production of the models.
Toyota Motor Corp. announced on Monday that its auto plants in Europe will halt production, at least until April 20, because of the new coronavirus outbreak. Its European plants are in France, Great Britain, Czechoslovakia, Poland, Turkey and Portugal.
Toyota Kirloskar Motor (TKM) on Monday reported a 9.1 per cent decline in total vehicle sales at 11,356 units in February as against 12,497 units in the same month last year.
Toyota's six-seat luxury MPV Vellfire, that is slated to compete against the Mercedes-Benz V Class, is all set to launch in India on February 26. The expected price for Toyota's newest edition in the Indian market is expected to be between Rs 68 and Rs 80 lakh. Japanese carmaker Toyota has already started taking the pre-booking orders for the car at select dealerships.
Two different air bag glitches have forced Toyota and Honda to recall over 6 million vehicles worldwide, and both problems present different dangers to motorists.
Accordingly, Maruti Suzuki India and Toyota Tsusho Group own 50 per cent each in -- Maruti Suzuki Toyotsu India Private Limited -- which has been established to set up its vehicle dismantling and recycling unit in Noida, Uttar Pradesh within 2020-21
The company has sold close to 14,000 units of Glanza since its launch in June, Raja added.
Toyota is offering attractive Diwali benefits on its most popular cars in the Indian market. Toyota Fortuner and Toyota Corolla Altis are amongst cars that are being offered at benefits of over ₹ 2 lakh.
The TRD Celebratory edition of the Toyota Fortuner will only be available in a 2.8-litre Diesel engine and a 6-speed manual transmission. The car will not have a full 4x4 variant and will only be available in a 4x2 variant.
As part of a capital alliance agreement, Toyota will acquire 2.4 crore shares of common stock in Suzuki (4.94 per cent stake) for 96 billion yen (over Rs 6,510 crore), while Suzuki plans to acquire shares in Toyota equivalent to 48 billion yen (around Rs 3,255 crore).
Toyota Kirloskar Motor (TKM) is planning to continue to sell diesel models in the country even as prices of such vehicles are expected to go up significantly with the upcoming BS-VI emission norms from April 1 next year, a top company official has said.
With inventories piling up with dealers, cars makers like Maruti, Hyundai, Toyota, Volkswagen and Honda among others are offering massive discounts. Maruti Suzuki India, for the first time since the launch of Baleno, is offering discounts on its one of the most selling cars. Here's the complete list of discounts offered by car companies in August:
Toyota, which has been advocating technology agnostic approach towards popularisation of clean energy fuels, said under the current circumstances further investments on hybrid vehicles in India are not feasible.
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