Toyota Financial News

Large multi-utility vehicles like the Toyota Innova Crysta, as well as SUVs like the Scorpio-N, Hyundai Alcazar and MG Hector Plus and the upcoming new Kia Carens will attract a compensation cess of 22%, as the GST Council clarifies a vehicle no longer has to be "popularly known as an SUV" to attract 22% cess as long as it meets a set of criteria related to height, ground clearance and engine capacity. However, strong hybrid versions of the Innova Hycross & Maruti Suzuki Invicto will continue to be taxed at 20% cess as they benefit from the 2% relaxation in cess given to hybrid vehicles.

Washington Examiner writer Tiana Lowe on President Trump's criticism of General Motors over the automaker's decision to close its plant in Lordstown, Ohio and the potential impact of Trump's threat of more auto tariffs.

New Delhi: Federal indirect tax body the Goods and Services Tax (GST) Council on Tuesday exempted integrated GST (IGST) levied on select drugs when imported for personal use, redefined sports utility vehicles to prevent car makers side stepping the highest tax bracket and decided on levying 28% uniform GST on online gaming, horse racing and casinos on the full-face value of bets. Finance minister Nirmala Sitharaman who also chairs the GST Council said at a briefing that tax rates were brought down on four items--uncooked snack pellets, fish soluble paste, certain yarn and LD slag--a byproduct of steel production that is used in certain industries.

NEW DELHI : The Goods and Services Tax (GST) Council on Tuesday exempted integrated GST on select drugs when imported for personal use, redefined sport utility vehicles (SUVs) to prevent carmakers from side-stepping the highest tax bracket and levied a 28% uniform GST on online gaming, horse racing, and casinos on the full value of the bets. Finance minister Nirmala Sitharaman, who chairs the GST Council, said at a briefing that tax rates were cut on four items—uncooked snack pellets, fish soluble paste, certain yarn, and LD slag—a by-product of steel production that is used in certain industries.

Maruti is now a leading player in the auto industry’s Rs 10-20 lakh segment with a market share of 23 per cent for Q1 of FY 2024. The company was able to overtake its market rivals such as Hyundai, Tata Motors and Mahindra & Mahindra (M&M) by launching its premium models.Maruti Suzuki’s premium models such as 4x4 Jimny off-roader and Invicto MPV which is considered to be a twin of Toyota Innova priced upwards at Rs 25 lakh, have been pushing sales in the premium segments as it vies for better product margins, improved profitability, and high-income customers. «With a share of 23 per cent in the Rs 10-20 lakh category at the end of the first quarter (Q1) of FY24, Maruti leads the segment as we sell the maximum with models such as the Grand Vitara and Brezza SUVs, XL6 MPV, and the just-launched Jimny,» said TOI quoting Shashank Srivastava, director (sales & marketing) at Maruti Suzuki. The automaker's sales of Rs 10 lakh-plus vehicles increased dramatically in the past four to five years.

By Devjyot Ghoshal and Pasit Kongkunakornkul

Toyota Kirloskar Motor emphasized that adjusting the prices was essential to partially counterbalance the surge in raw material expenses. Toyota Kirloskar Motor offers a diverse range of vehicles, including the Glanza, UC Hyryder, Innova Hycross, Fortuner, Legender, Vellfire, and Land Cruiser LC300.

Toyota Kirloskar Motor emphasized that adjusting the prices was essential to partially counterbalance the surge in raw material expenses. Toyota Kirloskar Motor offers a diverse range of vehicles, including the Glanza, UC Hyryder, Innova Hycross, Fortuner, Legender, Vellfire, and Land Cruiser LC300.

By David Shepardson

Kirloskar Motor (TKM) on Thursday said it has hiked the prices of its models by around 1 per cent in order to offset the impact of an increase in input cost. The company, which sells models like Innova Crysta and Fortuner, has realigned the prices of its models with effect from July 5, 2023, TKM said in a statement.

Maruti and you think of a small, workhorse car that endures and needs little maintenance. Maruti Suzuki India Ltd became India's biggest car maker riding high on that image. But what remained a boon for decades started to look like a curse later.

NEW DELHI : Maruti Suzuki, India’s leading automaker, is diversifying its premium lineup with the launch of the Invicto, a seven-seater hybrid multi-purpose vehicle based on the Toyota Innova HyCross. Priced at ₹24.79 lakh ex-showroom, it is Maruti Suzuki’s most expensive offering in the market to date. The Invicto will be manufactured at Toyota Kirloskar Motor’s facility in Bidadi, Karnataka, where it also produces all variants of the Innova MPV.

By Pratyush Thakur and Shivansh Tiwary

Maruti Suzuki is targeting doubling its turnover in the decade through 2031 and, to achieve this, will invest heavily in new technologies, bring on road more products including half a dozen electric vehicles and increase the production capacity, managing director Hisashi Takeuchi said. The country’s largest carmaker will be taking some “mega steps” over the next few years to strengthen its leadership in the Indian market, Takeuchi said. “Looking at the immense potential of the Indian automobile market, our parent company, Suzuki Motor Corp (SMC), has outlined a robust growth plan.

Toyota’s (NYSE:TM) North American branch reported their June and 2Q production and delivery results Wednesday with U.S. sales in June of 195,448 vehicles, up 14.% versus June of 2022. June 2023 sales of electrified vehicles totaled 51,535, representing 26.4 percent of total monthly sales.

Maruti Suzuki crossed the ₹10,000 mark, marking a new record of ₹10,003. The stock snapped a two-day losing streak in the process. The auto major stock's ended 3.61 per cent higher at ₹9994.50.

By Gaurav Sen

Maruti Suzuki, India's leading car manufacturer, introduced the Invicto MPV as their latest flagship model. With an introductory ex-showroom price ranging from ₹24.79 lakh to ₹28.42 lakh, the Invicto becomes the most costly vehicle in Maruti's lineup. Essentially, the Invicto is a rebranded version of the Toyota Innova Hycross.

New Delhi: The government is set to host the International Conference on Green Hydrogen (ICGH-2023) in New Delhi from 5-7 July, 2023. The conference aims to bring together global leaders in scientific research, policy-making, academia, and industry to discuss advancements and emerging technologies in the green hydrogen sector. Organized by the ministry of new and renewable energy in collaboration with the ministry of petroleum and natural gas, council of scientific and industrial research, office of the principal scientific advisor to the government, and the Confederation of Indian Industry (CII), the conference seeks to foster a sustainable ecosystem in the green hydrogen sector.

Kaizen philosophy is popularly used to achieve personal growth by overcoming laziness, the Japanese philosophy is also used in the dynamic world of business, as it unlocks the potential for continuous improvement. Translated as «change for the better,» Kaizen focuses on gradually enhancing productivity and efficiency within organizations.

Real estate expert Rogers Healy says Fort Worth is a 'major player' as Texas city's commercial real estate grows despite struggles across country on 'The Bottom Line.'