"This is a very important market for us...today we are still kind of small player in India and it is clear that we cannot be satisfied with our current level of market share in India," Leroy told reporters here at the sidelines of Tokyo Motor Show.
The Camry was previously in heavy demand but sales fell significantly after a GST of 28 percent and attendance cess of 15 percent led to a sharp increase in price.
Tens of thousands across Japan were advised to evacuate, hundreds of flights were cancelled and rail services disrupted on Sunday as heavy rain and wind lashed a wide swathe of the country
Kobe Steel, Japan's No. 3 steelmaker, admitted earlier this month to falsifying the quality data for aluminium and copper products and even optical disks. The falsifications may stretch back for 10 years. Since then, global automakers, aircraft companies and other manufacturers have scrambled to identify potential hazards in their products.
According to the company the 'T’ in the vehicle's name stands for the word ‘toolbox,’ and ‘J’ is for ‘joy’
The “unique dual cockpit configuration” will allow a trained safety operator to take over the controls in case the car confronts obstacles
Toyota, Japan's biggest automaker, agreed to take a 5 percent stake in smaller rival Mazda in August and the two have flagged plans to jointly develop electric vehicle technologies.
"We have no plans to go electric," vice chairman and whole-time director of TKM, Shekar Viswanathan told PTI over buzz around EVs (electric vehicles) in the domestic auto industry with the government's aggressive push towards e-mobility.
The company said under the reorganised structure, a new organisation to be known as Lexus India will stand independently from the broader Toyota presence in India, the company said in a statement.
Toyota is now also working on longer distance, fast-charging electric vehicles
Japan-headquartered automobile giant Toyota is now chasing the electric car dream – fast charging and long-lasting batteries
Under the new tax regime, prices of the company's popular hybrid sedan Camry have gone up by an average of Rs 3 lakh.
While the reduction in prices will vary from state to state, the highest cut will be in Mumbai with the company's flagship SUV Endeavour becoming cheaper by up to Rs 3 lakh.
"The price reduction is in the range of Rs 350 to Rs 1,500 in the commuter segment. In the premium segment products, the prices are reduced up to Rs 4,150 depending on each state," TVS Motor Company said in a statement.
The five-seater premium SUV will be Volkswagen’s first all-new model introduction in India in nearly a year. The company last year in June launched the Ameo compact sedan which is built on the Polo platform.
The company, which is part of Japan's Toyota Motor Corporation, is recalling 23,157 units of Corolla Altis manufactured between January 2010 to December 2012, a Toyota Kirloskar Motor spokesperson told PTI.
Lexus introduced the RX Hybrid model priced at Rs 1.07 crore, RX F Sport hybrid at Rs 1.09 crore and ES 300h hybrid sedan priced at Rs 55.27 lakh (all prices ex-showroom).
Toyota and Suzuki heads met up on Thursday to discuss future alliance between the two companies, a partnership that was announced last month.
Top officials of Japanese car makers Toyota and Suzuki today held discussions with Prime Minister Narendra Modi on technological developments and business opportunities in India.
The Society of Indian Automobile Manufacturers (SIAM), the apex lobby body of vehicle makers, has accused a Delhi-based environmental watchdog of spreading misinformation with regards to the preparedness of the auto industry to meet the Bharat Stage IV (BS-IV) emission deadline.
As a large section of manufacturers remain adamant over continuing sales of old Bharat Stage III (BS-III) vehicles even after March 31, the matter has now been brought to the notice of the National Green Tribunal.
The release follows a demonetisation-led cash crunch that hit India's cash-heavy economy, but economists reckon that could be temporary.
Bajaj warned that if manufacturers are given amnesty to sell Bharat Stage III (BS-III) vehicles even after the April 1 deadline then the same industry will refuse to take seriously the BS-VI deadline of April 1, 2020 to