We expect 2025 to be a strong year for us in India: Toyota
15 hours, 8 minutes ago

We expect 2025 to be a strong year for us in India: Toyota

New Indian Express  

What do you think will be the mix between different powertrains in the next five years or so? Toyota’s market share in India has grown significantly in the last few years. Even with current challenges, we expect 2025 to be a strong year for Toyota in India. What updates can you share about Toyota’s investments in India, including the Maharashtra project? Toyota has made significant investments in India, including R4,800 crore announced in May 2022 and another R3,300 crore in November 2023 for a third plant in Karnataka.

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History of this topic

Toyota racks up booming profit, vows to invest to keep growth going
7 months, 2 weeks ago

Toyota racks up booming profit, vows to invest to keep growth going

Associated Press  

TOKYO — Toyota doubled its net profit in the fiscal year that ended in March, as strong vehicles sales and a favorable exchange rate lifted results for Japan’s top automaker. Toyota Motor Corp.'s annual profit totaled 4.9 trillion yen, up from 2.45 trillion yen the year before, while its sales jumped 21% to 45 trillion yen, the company said Wednesday. …

India growth to slow to 5.9% in 2023, says Goldman Sachs
2 years, 1 month ago

India growth to slow to 5.9% in 2023, says Goldman Sachs

The Hindu  

India’s economic growth in 2023 is expected to slow to 5.9%, from 6.9% in 2022, Goldman Sachs said in its India 2023 outlook report. In the second half, growth is likely to re-accelerate as global growth recovers, drag from net exports diminishes and investment cycle picks up,” Goldman Sachs said. Emphasising that India’s current account deficit would remain wide given …

India's GDP Expected To Grow 9% in FY22, May Clock Over 8% Growth in FY23: PHDCCI
2 years, 8 months ago

India's GDP Expected To Grow 9% in FY22, May Clock Over 8% Growth in FY23: PHDCCI

News 18  

India’s gross domestic product is expected to have grown nine per cent in the financial year 2021-22, which is the highest among the leading economies, and the growth is likely to be over eight per cent in the current financial year, according to the PHD Chamber of Commerce and Industry. “At this juncture, the percolation of ease of doing business …

Audi expects sales in India to grow in double-digit this year
2 years, 11 months ago

Audi expects sales in India to grow in double-digit this year

Live Mint  

German luxury carmaker Audi expects sales in India to grow in double-digit this year amid concerns over the possible impact of the fresh surge in COVID-19 cases on business, according to a senior company official. Audi India -- which has lined up a "few more products" this year, including the SUV Q7 next month -- expects its sales to be …

India Projected to Grow at 10.1% in 2022 but Outlook for 2021 Highly Fragile: UN
3 years, 7 months ago

India Projected to Grow at 10.1% in 2022 but Outlook for 2021 Highly Fragile: UN

News 18  

India is forecast to grow at 10.1 per cent in 2022, becoming the fastest growing major economy in the world, the United Nations said on Tuesday, but cautioned that the growth outlook of 2021 was “highly fragile” as the country was the “new hotbed of the pandemic.” The United Nations, in its mid-year update of the World Economic Situation and …

Toyota will invest ₹2,000 crore in India in next 12 months, Vikram Kirloskar clarifies
4 years, 3 months ago

Toyota will invest ₹2,000 crore in India in next 12 months, Vikram Kirloskar clarifies

Live Mint  

Union minister Prakash Javadekar on Tuesday denied a report that Toyota Motor Corp would not expand further in India due to the country’s high tax regime. Commenting on Javadekar's statement, Vikram Kirloskar, vice chairman, Toyota Kirloskar Motor said, "Absolutely! The future of sustainable mobility is strong here in India," vice chairman of Toyota Kirloskar Motor said. "The government keeps taxes …

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