The upcoming lineup includes a list of SUVs, MPVs, crossovers as well as a sedan.
The total tax incidence on hybrid vehicles is 43 percent, which is inclusive of GST.
As part of that push, it said it needed to increase the supply of batteries, citing greater-than-expected growth of the electric vehicle (EV) market.
The Glanza comes equipped with features such as touchscreen audio with Android Auto and Apple CarPlay for smart phone based navigation.
Toyota Motor Corp, the country's top automaker, said that higher costs to develop new technologies like connected cars was ramping up pressure to generate savings wherever possible, while Honda Motor Co said it would strip down its vehicle lineup to cut production costs.
The company sold a total of 13,871 units in the same month last year, TKM said in a statement.
While details about the interior are still under wraps, it is expected that the Glanza will only get aesthetically different interiors from the Baleno.
Market leader Maruti has just driven the first nail in the coffin. Other car makers may just follow suit
If the company goes ahead, this will be the first of its kind move as Maruti has not outsourced the production outside the Suzuki fold till now.
The SUV gets new interior colours as well as additional features in its update. Potential buyers can now choose “Ivory” perforated leather seats, which get the Crysta insignia for the top ZX trim.
The new Innova Crysta will now have features such as heat rejection glass, perforated leather seats, option of new ivory leather upholstery and USB fast charging port.
Under an agreement, Honda and Hino, in which Toyota owns a majority stake, would each invest around 250 million yen ($2.27 million) in the joint venture, Monet Technologies, and take 10 percent stakes in the venture, Monet said.
The alliance will help Maruti to avoid an existential crisis that it may face as soon India gets ready for for electric mobility.
TKM, however, did not disclose the models that would become costlier.
Prime Minister Shinzo Abe's administration has been urging Japan Inc to boost pay in an effort to drive the economy and conquer deflation.
Speaking at the Geneva Motor Show, Johan van Zyl told reporters that "if the business environment becomes very, very difficult to operate," a withdrawal "should be on the agenda as well," the Nikkei said.
Ola’s electric vehicle plans are a leap from being a cab-hailing company. To make it a success, it may have to take one more leap, by setting up the required EV infrastructure.
It will be available to private and commercial users on a made-to-order basis.
The Supra gets many aesthetic and aerodynamic changes, but the engine and peripheral internals remain untouched.
The maker of the Camry sedan and Prius hybrid now expects annual net profit of 1.87 trillion yen ($17 billion) instead of 2.3 trillion yen it projected three months ago.
All you need to know about the all-new Toyota Supra launched in Detroit
The joint venture, to be owned 51 percent by Toyota and the rest by Panasonic, could also provide batteries to Toyota's EV technology partners Mazda Corp and Subaru Corp.
A combination of the conventional internal combustion engine and an electric motor not only allows for more efficient use of fuel but also helps deliver more power to the wheels.
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Toyota has been working on incorporating its own unique features to the model that has been a runaway success for Suzuki's Indian arm -- Maruti Suzuki.