Does Toyota sell in India?
Yes, Toyota does sell vehicles in India. Toyota has had a significant presence in the Indian automotive market for over two decades, offering a range of passenger cars, SUVs, and commercial vehicles to meet the diverse needs of Indian consumers.
Toyota's Entry and Growth in India
Toyota entered the Indian market in 1997 through a joint venture with the Kirloskar Group, forming Toyota Kirloskar Motor (TKM). Since then, the company has steadily expanded its operations and product portfolio in the country. Toyota's initial focus was on the mid-size sedan segment, with the launch of the Corolla in 1998, which quickly gained popularity among Indian buyers.
Over the years, Toyota has introduced several other models in India, including the Innova MPV, Fortuner SUV, and Camry sedan, among others. The company has also forayed into the compact car segment with models like the Etios and Liva, catering to the growing demand for affordable and fuel-efficient vehicles in the Indian market.
Toyota's Manufacturing Presence in India
Toyota has established two manufacturing facilities in India, located in Bidadi, Karnataka and Valapadi, Tamil Nadu. These plants have a combined annual production capacity of over 310,000 units, allowing Toyota to cater to the domestic market as well as export vehicles to other countries.
The company's manufacturing operations in India are known for their focus on quality, efficiency, and environmental sustainability. Toyota has implemented its renowned production system, the Toyota Production System (TPS), in its Indian factories, ensuring high levels of productivity and quality control.
Toyota's Market Share and Positioning in India
Toyota has maintained a strong market presence in India, consistently ranking among the top-selling automotive brands in the country. As of 2024, Toyota's market share in the Indian passenger vehicle segment stood at around 5%, making it one of the leading foreign automakers in the market.
Toyota's vehicles are known for their reliability, durability, and fuel efficiency, which have resonated well with Indian consumers. The company's focus on after-sales service and customer satisfaction has also contributed to its success in the Indian market.
Overall, Toyota's presence in India has been marked by steady growth, a diverse product portfolio, and a commitment to manufacturing excellence, making it a significant player in the country's dynamic automotive industry.
Who bought Toyota in India?
Toyota Motor Corporation entered India in 1997 in a joint venture with the Kirloskar Group. Toyota Motor Corporation (TMC) holds 89% of the share and the remaining 11% is owned by Kirloskar Group.
Why did Toyota stop in India?
Toyota Motor Corp. won't expand further in India due to the country's high tax regime, a blow for Prime Minister Narendra Modi, who's trying to lure global companies to offset the deep economic malaise brought on by the coronavirus pandemic.
Why is Toyota not bringing new cars in India?
Answer: Simple reason - Suitability. Japanese cars suit Indian market really well. However, Indians are not averse to cars from American or Korean companies.
Why are Toyotas so expensive in India?
Brand Reputation and Quality. There can be no question that Toyota enjoys supreme build quality, reliability, and durability. It boasts an image brought to the table by the holding premium brand, permitting Toyota to price it a notch above others.
Is Toyota available in India?
Toyota offers 12 car models in India, including 4 cars in SUV category, 1 car in Sedan category, 1 car in Hatchback category, 1 car in Compact SUV category, 4 cars in MUV/MPV category, 1 car in Pickup category.
Why are Toyota cars expensive in India?
Brand Reputation and Quality. There can be no question that Toyota enjoys supreme build quality, reliability, and durability. It boasts an image brought to the table by the holding premium brand, permitting Toyota to price it a notch above others.
Who bought Toyota to India?
Vikram Kirloskar (November 19, 1958 – November 29, 2022) was an Indian businessman and industrialist who served as the Vice Chairman of Toyota Kirloskar Motor. He was a fourth generation member of the Kirloskar business family and is credited with bringing Toyota's business to India in the late 1990s.
Is Toyota doing well in India?
This means the Japanese car, SUV and MPV manufacturer has already achieved 83% of its total FY2024 wholesales of 245,676 units, its best yet since the company began manufacturing operations 25 years ago in India in 1999.
Is Toyota coming back to India?
There are around 3 upcoming Toyota cars including Toyota Urban Cruiser, Toyota 3-Row SUV, Toyota Mini Fortuner will be launched in India in 2025. Among these, there are 3 SUVs. Of these, 1 cars are expected to launch in the next three months.
Is Toyota Camry sold in India?
Overview. The Toyota Camry is a strong-hybrid petrol luxury sedan, known for its reliability and comfort. The latest ninth generation model has been launched in India at a price tag of Rs 48 lakh (ex-showroom).
