Toyota Financial News

Car dealers in India are estimated to end the current month with a four-year high stock as automakers resorted to pumping up inventory in anticipation of a good festive season, driven by pricier SUVs. They are estimated to end the current month with stocks of 310,000-325,000 units worth ₹24,000-26,000 crore, equivalent to 8-9% of annual sales of a car company, as per industry estimates. The expected inventory is a 7.6% jump from September 2019 levels when car inventory had reached around 300,000 units. The sales push also comes as companies seek to make the most of the new model launches and an eased availability of semiconductors.

₹45,000 crore to double its production capacity from the existing 2.25 million units to 4 million units in the next seven years, with a new one million-unit facility in Haryana’s Kharkhoda besides another one million unit plant at a new, undecided location. “The era ahead of us is going to be very uncertain and challenging. Putting up the 2 million cars will cost us close to ₹45,000 crore, depending on how inflation increases.

hybrid vehicles, for introduction in the Indian market in line with the government’s directive to cut crude oil imports and vehicular pollution, Toyota Kirloskar Motor (TKM) managing director Masakazu Yoshimura told ET. The company, which operates in a joint venture with the Kirloskar Group, has started testing a flex fuel strong hybrid version of multi-purpose vehicle Hycross in India. “This is a prototype which we are testing for the first time globally for the market in India. It can take ethanol as well as with the strong hybrid and can have a better fuel efficiency of about 40-50% (compared to gasoline),” said Yoshimura. He declined to specify a timeline for commercial production of the vehicle but said extensive testing is on, after which the vehicle will go in for homologation and certification.

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The Toyota Innova has achieved the distinction of being the first car in both the country and the world to feature a flex-fuel engine capable of running entirely on ethanol. This development has sparked renewed discussions about the potential of this environmentally friendly and efficient fuel and powertrain technology. Here is a comprehensive overview about the technology.

Toyota Innova HyCross. The Innova HyCross not only runs on alternative fuel but can also generate its electric power and operate in EV mode. This prototype of the electrified Innova HyCross flex-fuel is in compliance with the latest emission standards, Bharat Stage 6 (Stage 2).

Toyota Motor has unveiled the world's first fully ethanol-powered car equipped with a flex-fuel engine. This model, based on the popular MPV Innova HyCross, was officially launched today, August 29, in an event attended by Union Minister Nitin Gadkari.

Nitin Gadkari on Tuesday launched a 100 per cent ethanol-fueled variant of Toyota's Innova car. The launched car is World's first BS-VI (Stage-II), electrified flex-fuel vehicle. «It is the dream of all of us to have cars, two-wheelers and autos running on ethanol,» said the minister during the event.

Asian shares are mostly rising as markets shift their attention from the U.S. Federal Reserve to earnings and economic reports

All 28 vehicle assembly lines at Toyota’s 14 auto plants in Japan have shut down over a problem in its computer system that deals with incoming auto parts

₹16 lakh crore. This is a big loss to the economy.

Toyota has halted operations at most of its assembly plants in Japan due to a malfunction in the company's production system. Operations were halted on Tuesday morning and a company spokesman said it wasn't clear whether they would resume in the afternoon shift.

TOKYO (Reuters) -Toyota Motor Corp has suspended operations at a dozen factories in Japan due to a system failure, public broadcaster NHK reported on Tuesday.

Union Minister of Road Transport & Highways Ni... moreUnion Minister of Road Transport & Highways Nitin Gadkari will launch the world's first ethanol-fuelled Toyota Innova.

₹10.29 lakh (ex-showroom). Prospective buyers now have the opportunity to make bookings for the Rumion model, which shares its foundation with the Maruti Suzuki Ertiga. Earlier this month, Toyota introduced the Rumion, marking its entry into the budget-friendly MPV category in the Indian market.

(Reuters) — Shares of Vietnamese electric-vehicle maker Vinfast surged 30% in premarket trading on Monday, extending a rally from last week that more than quadrupled its market value to $160 billion.

SUV fan or interested in buying an EV, the month promises major launches for all. As per a report from HT Auto, here are some of the biggest car launches expected to take place in the upcoming month. Scheduled to launch on September 4, Honda Cars India has commenced the booking process for their upcoming model, the Elevate SUV.

ethanol-fueled variant of Toyota's Innova car tomorrow, August 29, Tuesday. The minister provided the information while addressing the Mint Sustainability Summit here. Gadkari has been exhorting automakers to come out with alternative fuel-powered and green vehicles.

A structural undersupply of more than 300,000 new vehicles along with the rise of electric cars, where demand is crushing supply, means new-car buyers face paying the full sticker price on their next vehicle.

A rental agency revealed that they are renting Mercedes Maybach at a starting rate of Rs 65,000 for an eight-hour rental encompassing up to 80 km of city driving. The travel agencies highlighted the escalating demand for luxury vehicles like the Mercedes S Class, BMW 7 Series, Mercedes E Class, BMW 5 Series, and their equivalents due to this summit. Notably, even upscale SUVs like the Mercedes GLS and Audi Q7, as well as vans including the Toyota Commuter, Toyota Coaster, Mercedes Sprinter Coaster, Mercedes Sprinter, and Force Urbania, are experiencing unprecedented popularity.

Australia’s largest car dealership group, Eagers Automotive, is paying out a record first-half dividend to shareholders including Rich Lister Nick Politis, who will collect $17 million because he owns 27.6 per cent of the company.