Toyota Motor Corp: Suzuki sees India’s automobile market growing fivefold by 2047

Toyota Motor Corp: Suzuki sees India’s automobile market growing fivefold by 2047

India’s car market is on track to reach 20 million units by 2047, helped by promising growth in battery electric vehicles, Suzuki Motor Corp. Executive Vice President Kenichi Ayukawa said. First, the goal is for Maruti Suzuki India Ltd., the Japanese carmaker’s subsidiary, to grab 50% market share by 2030, from around 40% for the … Read more

Toyota has been rocked by a string of scandals — analysts are unfazed

Toyota has been rocked by a string of scandals — analysts are unfazed

A sign is displayed outside a Toyota Motor Corp. dealership on Jan. 30, 2024 in Tokyo, Japan. Toyota Chairman Akio Toyoda apologized Monday for massive cheating on certification tests for seven vehicle models as the automaker suspended production of three of them. Tomohiro Ohsumi | Getty Images News | Getty Images Japan’s largest carmaker Toyota has … Read more

Shares of Toyota, Mazda, Honda, Suzuki fall after safety scandal

Shares of Toyota, Mazda, Honda, Suzuki fall after safety scandal

Toyota Motor Corporation Board Chairman Akio Toyoda bows during a press conference in Tokyo on June 3, 2024. Toyota said on June 3 it had suspended domestic shipments of three car models after falling foul of government certification rules along with its Japanese rivals Honda, Mazda, Suzuki and Yamaha.  Yuichi Yamazaki | Afp | Getty … Read more

Suzuki predicts India market to expand 2% in FY25, Maruti to outpace industry growth

Suzuki predicts India market to expand 2% in FY25, Maruti to outpace industry growth

New Delhi: Japanese auto major Suzuki Motor Corp expects car sales in India to grow 2% in the ongoing financial year and its local subsidiary, Maruti Suzuki, to perform better than the market, helping it recover lost market share in the country. India is a bright spot for the Japanese auto giant, accounting for as … Read more

Toyota Kirloskar to step up play in smaller towns

Toyota Kirloskar to step up play in smaller towns

Toyota Motor Corp’s Indian subsidiary is embarking on the most aggressive sales expansion plan in its more than 25-year-old presence in the country. This will see the maker of Fortuner and Innova Hycross models establish a footprint in India’s smaller cities with select re-badged versions of comparatively affordable car models from Maruti Suzuki (India) as … Read more