Toyota Kirloskar Motor has sold a total of 5386 units in July 2020, registering 40% month-on-month growth in wholesales (June 2020: 3,866) but down 48% year on year (July 2019: 10,423). The big news though is that the Japanese carmaker has confirmed plans to enter India’s compact SUV market, a segment which is seeing robust… Continue reading Toyota Kirloskar Motor sells 5,386 units in July, plots entry into compact SUV market this year
Tag: Toyota
My Life in Cars: Guz Khan
Some of my earliest memories are of brand-new leather seats in a BMW 7 Series. I was in the front seat of my uncle’s E32 back when no one cared about car seats or child safety. I must have been five or six years old. That’s one of my earliest memories of really loving cars.… Continue reading My Life in Cars: Guz Khan
Autocar Professional’s August 1 edition is a South India Industry Special
The southern states of India are collectively one of the leading and busiest automotive hubs in the country. Clearly defined industrial policies, talented workforce and a growing OEM and supplier ecosystem, coupled with strategic geographical and infrastructure advantages like well-laid- out roads, railways and ports, Tamil Nadu and Andhra Pradesh are driving gains. And Karnataka… Continue reading Autocar Professional’s August 1 edition is a South India Industry Special
@Toyota: 1st Quarter of Fiscal year ending March 31,2021
2020-07-31 Toyota Tsusho announced financial results for 1st Quarter of Fiscal year ending March 31, 2021. Below are the main items of Consolidated Results based on IFRS. (Unit: Billion yen) FY2019 1Q FY2020 1Q Change Gross profit 158.6 115.4 (43.2) Operating profit 55.6 19.1 (36.5) Profit before income taxes 81.5 25.9 (55.6) Profit attributable to… Continue reading @Toyota: 1st Quarter of Fiscal year ending March 31,2021
Mexico’s Alfa to spin off rest of Nemak stake, shares surge
MEXICO CITY (Reuters) – Mexico’s Alfa (ALFAA.MX) said on Friday it plans to spin off the entirety of its remaining 75% stake in auto parts business Nemak (NEMAKA.MX), sending Alfa’s shares surging 17% on the prospect that the conglomerate could shrug off the struggling unit. FILE PHOTO: The logo of Nemak, a Mexico-based holding company… Continue reading Mexico’s Alfa to spin off rest of Nemak stake, shares surge
Toyota to invest and partner with BluE Nexus to drive EV sales
Japanese carmaker Toyota Motor Corp has collaborated with BluE Nexus to prepare for the accelerated adoption of electrified vehicles. As per the understanding the companies will work together to increase their competitiveness in products related to electrification as well as to fortify their sales structure, including their technical support and services, among others, rendered to… Continue reading Toyota to invest and partner with BluE Nexus to drive EV sales
Toyoda Gosei partners Ossia to deliver wireless power over the air in vehicle cabins
Toyoda Gosei Co, a Toyota Group company, has concluded a joint development agreement with Ossia Inc, a U.S. start-up that leads the world in the field of wireless power solutions. The two companies will work to apply wireless power technology in vehicle cabins, smart cities, and more. The Toyoda Gosei Group is a leading global… Continue reading Toyoda Gosei partners Ossia to deliver wireless power over the air in vehicle cabins
@Toyota: Toyota’s Global Sales Recover to 84% of Previous Year’s Level in June 2020
Toyota City, Japan, July 30, 2020 – (JCN Newswire) – Toyota Motor Corporation (TMC) announces its sales, production, and export results for June 2020 as well as the cumulative total from January to June 2020, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd. June 2020 Sales Results Toyota– Worldwide sales: Sixth… Continue reading @Toyota: Toyota’s Global Sales Recover to 84% of Previous Year’s Level in June 2020
Japan group to bring quantum computers to the workplace
TOKYO — Leading Japanese universities and corporations have joined hands with IBM to develop practical quantum computing applications in finance, materials development and the broader business scene. “I believe that Japan will play an important role in implementing quantum computing technology to society ahead of rest of the world, and that industry-academia-government collaboration is necessary… Continue reading Japan group to bring quantum computers to the workplace
Mazda slams brakes on 1.8m auto sales goal after less than a year
TOKYO — Mazda Motor will retract its goal of selling about 1.8 million vehicles worldwide by fiscal 2024 as the Japanese automaker struggles with the impact of the coronavirus pandemic, Nikkei has learned. Mazda’s vehicle sales plummeted by a quarter in the first half of this year, further dimming prospects for reaching the target. The company is expected to announce the… Continue reading Mazda slams brakes on 1.8m auto sales goal after less than a year