Budget effect: High end cars to become slightly cheaper
In the just announced Union Budget, Indian Finance Minister Pranab Mukherjee proposed to reduce the additional excise duty on big cars with engine capacities of 2,000 cc and above by Rs 5,000 per unit.
This means that high end cars could now become slightly cheaper in the Indian [...]
Toyota Corolla Altis Sport launched in India
Japanese automaker Toyota has launched a new limited edition model of their popular Corolla model in the Indian market.
This new model has been named Toyota Corolla Altis Sport.
Toyota is targeting this special edition at young, enthusiastic car buyers.
The company has loaded this model with an aerodynamic [...]
Toyota Lexus coming to India through import route
Japanese automaker Toyota has announced that they are soon going to offer Lexus branded luxury cars in the Indian market.
These cars would be imported in India for sale. And hence they are likely to come at a premium.
The company hopes to become a larger player in [...]
Toyota small car in India would cost between Rs 5-7 lakhs
Toyota Kirloskar Motor has revealed that their upcoming small car model would be priced in the range of Rs. 5-7 lakhs.
This would put it in the premium compact car segment which has become highly competitive in the recent times.
Toyota representative Sandeep Singh said: [...]
Toyota Fortuner coming to India
Japanese automaker Toyota has revealed that they are planning to introduce their Fortuner sports utility vehicle in the Indian market later this year.
This model would come powered with a 3 liter diesel engine.
Toyota is aiming to price this model at around Rs. 20 lakhs in the Indian market. [...]
New Toyota Innova is a hit!
Toyota Kirloskar Motor has revealed that the recently launched updated edition of Innova has been a hit in the Indian market.
The company said that they have already sold 3,647 units of the new Innova since its launch in January.
Toyota said that this new model has performed “well above [...]
Toyota small car for India could have a diesel variant!
Market sources say that the upcoming small car from Toyota for the Indian market could have a diesel version as well.
The company had this to say: “The new strategic small-vehicle project has reached half-way in its development. We will launch it in 22 months.”
Apparently [...]
Toyota Kirloskar Motor increases prices of their models
While most other automakers are cutting the prices of their cars, Toyota is taking a different route.
The Japanese automaker has announced a hike in the prices of their models.
Toyota Innova is going to cost Rs 10,000-25,000 more depending upon the variant.
Toyota Corolla Altis would cost Rs 16,000-25,000 more. [...]
Toyota India working on CNG edition of Innova
Toyota India has said that they are working on a CNG edition of their utility model Innova.
The company however had some bad news as they said they would cut production by 30 percent in December.
The auto market in India is in a slump as few customers are [...]
Toyota Prius launch in India postponed for now
Japanese automaker Toyota has revealed that they have postponed all plans to launch their Prius hybrid car in the Indian market.
The economic conditions are worsening worldwide. The government is yet to provide a suitable market scenario for hybrids in India.
The company is also facing issues pricing the [...]
