Toyota Financial News

By Shivansh Tiwary

In percentage terms, sales rose by a modest 2% during the month, hemmed in by a high year-earlier base which saw robust post-pandemic pent-up demand. Companies mostly report wholesale dispatches from plants to dealerships and not retail sales to customers. While demand for sport-utility vehicles remained robust amid a spate of new launches, there continued to be some pressure on sales on entry-level cars. Senior industry executives, however, are optimistic that the demand momentum will sustain and lift sales across segments this festive season. Shashank Srivastava, senior executive officer (marketing and sales) at market leader Maruti Suzuki said monthly sales of passenger vehicles reported the best-ever performance for the ninth straight month in September. Half yearly sales too crossed the two-million mark for the first time as consumer demand remained buoyant.

Reuters. It added the "projected $3,000 average price increase over today’s vehicles is likely to decrease sales and increase the average age of vehicles on our roads.

By David Shepardson

equity offerings have more than quadrupled in value this year, with investors encouraged by a surge in the Nikkei stock index to a 33-year high and signs that Japanese firms have begun to manage their capital more efficiently. A tough 2022 for equity capital markets globally resulted in a backlog of fundraising deals. Japan has also benefitted from far lower interest rates than other countries, billionaire Warren Buffett's lifting of stakes in Japanese firms and a re-allocation of funds away from China amid tensions between Beijing and Washington. Proceeds from initial public offerings and secondary share and convertible bond issues soared 343% to $23.7 billion in the first nine months of the year, LSEG data showed.

One thing Tesla’s lovers and haters might agree on is that its valuation doesn’t have much to do with making cars. What the electric-vehicle pioneer is worth is one of the hottest questions in the stock market. We know this because the daily trading volume in its shares exceeds that of any other U.S.

London | BHP boss Mike Henry says the private sector must turn recycling into a meaningful source of metals for the world, in a possible signal that BHP could join other big miners in the scrap recycling business.

(Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) If VinFast Auto goes ahead with its investment plan then it would be the first-ever Vietnamese automaker to set up its market in India. Last month, VinFast Auto became the world's third-largest automaker by market capitalisation behind Tesla and Toyota.

Are high gas prices burning a hole in your wallet

Toyota Motor plans to build a third car plant in India, expanding production capacity in the country for the first time in over a decade as its partnership with Suzuki Motor boosts domestic volumes, two sources said. The world's biggest car maker wants the plant to start with capacity of 80,000-120,000 vehicles a year, which could grow to around 200,000 over time, said one of the people who has direct knowledge of the plans. The plant's proposed initial capacity would expand Toyota's existing manufacturing capacity in India by as much as 30% from 400,000 units currently. Toyota has also begun development of a new sport utility vehicle (SUV) for the Indian market that would be launched in early 2026 and be an anchor product for the new factory, said the person and a third source briefed on the company's plans. The sources declined to be identified as the automaker has not disclosed the expansion plans. A representative for Toyota's India unit declined to comment. Toyota's India sales have soared due to a global partnership with Suzuki under which the two Japanese car makers take some vehicles originally developed by their partner, then tweak and sell under their own brands to fill out their product line-up. Cars originally from Maruti Suzuki's stable such as the Glanza hatchback and Urban Cruiser Hyryder SUV now account for 40% of Toyota's India sales. About two-thirds of Toyota's current production capacity is used by Maruti Suzuki to build vehicles for both car makers as part of their partnership. Toyota, known for its Fortuner SUV and Camry hybrid in India, told Reuters earlier in September it expects record domestic sales in 2023. The Japanese car maker is now aiming to have production capacity of 500,000

William Byron booked his berth in the NASCAR Cup Series playoffs Round of 8 as he won at Texas Motor Speedway on Sunday. When he had six laps to go, Byron went to the bottom of the track, made it three wide in the process, and cleared Bubba Wallace and Ross Chastain. With this victory, car owner Rick Hendrick got his 300th win in the highest level of NASCAR. Byron's Hendrick Motorsports teammate Kyle Larson was leading by over four seconds when J.J. Yeley's car wrecked with 25 laps to go. He and Wallace were forced to stay out of the pits. When it re-started, Larson spun in the lower groove while racing Wallace.

Toyota Rumion petrol variant will remain unaffected. The Rumion is equipped with a 1.5-litre K-Series petrol engine and is available with both manual and automatic transmission options. It is jointly manufactured by Maruti for both Maruti and Toyota.

Toyota Motor will speed up production of electric vehicles of its Toyota and luxury Lexus brands, the Nikkei newspaper reported on Friday. The Nikkei report said the Japanese automaker was likely to step up production of battery-powered vehicles over the coming years to reach annual output of more than 600,000 vehicles in 2025. A Toyota spokesperson was not immediately able to comment on the report. The company has previously said it targets sales of 1.5 million EVs annually by 2026 and 3.5 million, or about one-third of current global volume, by 2030. Toyota last year sold fewer than 25,000 EVs, including of its Lexus brand, worldwide. It sought to raise EV production to about 150,000 vehicles in 2023 and gradually increase it further to the 190,000-vehicle range next year, Nikkei said.

Maruti Alto, Swift, WagonR and Hyundai i10, are less than 4 metres in length, and consequently are far cheaper, thanks to a lower tax rate. In its 18th year, the car is on an unprecedented high—the addition of a hybrid version late last year is likely to catapult it to all-time-high annual sales this year. In fact, that version enjoys a near two-year waiting period and the demand is such that Toyota has had to halt bookings for two variants.

Hyundai IONIQ 5 after waiting a year and a half.“We took it for a nice road trip and it performed immaculate,” Sandelands told Global’s Consumer Matters.While industry analysts say certain car brands like Tesla and Polestar are available with little to no wait times, other EV models require some patience.“EV wait times in Eastern Canada and in B.C., which are the provinces where demand is the highest, are still long. People are telling us they are waiting six months to a year, in some cases a year and a half, before their vehicle comes in,” said Georgy Iny, director of the non-profit Automobile Protection Association.“Hyundai EVs are tough to get, Kia EVs are hard to get.

The same Ohio river valley where the Wright brothers pioneered human flight will soon manufacture cutting-edge electric vertical takeoff and landing aircraft

critically injured with multiple bullet wounds inside a vehicle near the Guru Nanak Sikh Gurdwara in Surrey, British Columbia, on the night of June 18. Despite emergency medical efforts, Nijjar succumbed to his injuries at the scene, as confirmed by the Royal Canadian Mounted Police (RCMP). Initially, investigators from the Integrated Homicide Investigation Team (IHIT) took over the case.

Ohio river valley where the Wright brothers pioneered human flight will soon be manufacturing cutting-edge electric planes that take off and land vertically, under an agreement announced Monday between the state and Joby Aviation Inc. «When you're talking about air taxis, that's the future,» Republican Gov. Mike DeWine told The Associated Press. «We find this very, very exciting — not only for the direct jobs and indirect jobs it's going to create, but like Intel, it's a signal to people that Ohio is looking to the future.

Apprenticeship. The stipend is expected to range from Rs 12,500 to Rs 13,300 per month. One of the significant factor contributing to this growth is the extension of the Production-Linked Incentive (PLI) scheme for the automotive sector. Originally scheduled to run from 2022-23 to 2027-28, this scheme's extension promises to usher in a new era of growth and increased employment opportunities within the sector. The data has been gathered after a careful assessment of industry relations and an in-depth understanding of the apprenticeship market's demand dynamics. The anticipated boom in apprentice recruitment can be largely attributed to the sector's robust performance, which is influenced by macroeconomic factors and positive industry sentiments across all its segments. To meet the demands of the industry, upskilling and re-skilling initiatives have become a very important factor. Due to the dynamic nature of the industry, pursuing degree-linked apprenticeships in the automotive sector are emerging as a solution, offering access to sought-after roles such as Automotive Service Technicians, Assembly Line Operators, and Shopfloor Engineers. This is being done to align with technological transformations such as EVs and connected-car technologies. This trend is evident in various regions, including the states of Gujarat, Uttarakhand, Madhya Pradesh, and metropolitan cities like Pune, Chennai, and Bengaluru.

Toyota Motor Corp is on track for record annual sales in India, a senior executive told Reuters, as its partnership with Suzuki Motor, which has a portfolio of affordable cars, attracts a new set of buyers. Toyota sold over 160,000 cars in India last year and had sold close to 150,000 by the end of August this year, Atul Sood, vice president of sales told Reuters. «We are confident of closing this calendar year with our best ever performance and setting a new benchmark,» Sood said. Toyota's India business has been the biggest beneficiary of its global partnership with Suzuki which allows the two Japanese carmakers to share technology and vehicles.

SUV, requiring a token payment of ₹25,000. The pricing for the new Citroen C3 Aircross has been revealed, with the starting price set at ₹9.99 lakh (ex-showroom, India). Deliveries for this model are scheduled to commence on October 15, 2023.