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 on cars and motorbikes so high that companies find it hard to build scale," said Shekar Viswanathan, vice chairman of Toyota’s local unit, Toyota Kirloskar Motor, according to Bloomberg report.

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History of this topic

We expect 2025 to be a strong year for us in India: Toyota
19 hours, 32 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 …

Vikram Kirloskar, Toyota Kirloskar Motor vice chairperson, passes away; condolences pour in
2 years ago

Vikram Kirloskar, Toyota Kirloskar Motor vice chairperson, passes away; condolences pour in

India TV News  

Vikram Kirloskar dies: Toyota Kirloskar Motor Vice Chairperson Vikram S Kirloskar has died due to a heart attack, the automaker said on Wednesday. “We are extremely saddened to inform the untimely demise of Mr. Vikram S.Kirloskar, Vice Chairman, Toyota Kirloskar Motor on 29th November 2022. In his condolence message, Karnataka Chief Minister Basavaraj Bommai said, “Heartfelt condolences on the sad …

Toyota to increase vehicle prices from April 1
3 years, 8 months ago

Toyota to increase vehicle prices from April 1

India Today  

Toyota Kirloskar Motor will increase the prices of its vehicles from April 1, 2021. The product portfolio of Toyota Kirloskar Motor currently includes the Toyota Glanza, Toyota Urban Cruiser, Toyota Yaris, Toyota Innova Crysta, Toyota Fortuner, Toyota Fortuner Legender, Toyota Camry and Toyota Vellfire. Toyota Kirloskar Motor had launched the Fortuner facelift and the Fortuner Legender in January 2021. "Toyota …

Toyota Fortuner, Legender, Innova Crysta, Glanza, others: Toyota's domestic sales rise 92 per cent in Jan 2021
3 years, 10 months ago

Toyota Fortuner, Legender, Innova Crysta, Glanza, others: Toyota's domestic sales rise 92 per cent in Jan 2021

India Today  

Toyota Kirloskar Motor today reported a growth of 91.69 per cent in total domestic wholesales to 11,126 units in January 2021. Earlier this month, Toyota Kirloskar Motor had launched the 2021 Toyota Fortuner facelift and the Toyota Fortuner Legender in India. Introduced in India in November 2020, the new Toyota Innova Crysta facelift is available in the price range of …

Toyota Kirloskar Motor reiterates its commitment to Indian market
4 years, 3 months ago

Toyota Kirloskar Motor reiterates its commitment to Indian market

Live Mint  

Toyota Kirloskar Motor on Thursday said it remains deeply committed to the Indian market and its national objectives, refuting once again the claims by a senior company official earlier that it would stop further expansion in India due to high taxes. Keeping in sync with the vision of 'Grow India – Grow with India, during the past two decades of …

Toyota Reaffirms Commitment to India, Says Indian Market is an Integral Part of Global Strategy
4 years, 3 months ago

Toyota Reaffirms Commitment to India, Says Indian Market is an Integral Part of Global Strategy

News 18  

Premium automobile manufacturer Toyota Kirloskar Motor on Tuesday reaffirmed its commitment to India as being an integral part of the company’s global strategy. “Over our two decades of operations in India, we have worked tirelessly to build a strong competitive local supplier eco-system and develop strong capable human resources. The company’s statement comes after a report cited that future investments …

Toyota says committed to India market, industry seeks viable tax structure
4 years, 3 months ago

Toyota says committed to India market, industry seeks viable tax structure

Live Mint  

MUMBAI: Toyota Kirloskar Motor India Pvt Ltd on Tuesday said the auto industry seeks a viable tax structure to sustain in the wake of the pandemic-induced slowdown. The company continues to be committed to the Indian market and its operations in the country remain an integral part of its global strategy, the maker of Innova and Fortuner utility vehicles said, …

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