How India's SUV fascination is driving Toyota's bottom line in India
Toyota’s Indian subsidiary sees record profits and revenue, driven by hybrid demand and Suzuki alliance. Expansion plans include new plants and regional realignment, as India becomes a strategic hub for Toyota's global operations.
Backed by strong demand for its hybrid vehicles and incremental output from global alliance partner Suzuki Motor Corporation, Toyota Kirloskar's profits grew by a whopping 240% in the March-ending financial year 2023-24 to ₹4,787 crore or USD 570 million.
The Indian subsidiary of the world's largest carmaker, Toyota Motor ...
This is an Autocar Pro Plus article. Subscribe to continue reading.
RELATED ARTICLES
Can MG Motor's BaaS gambit pay off in India?
JSW MG Motor’s innovative Battery-as-a-Service threatens to create major disruption in the Indian electric car market by...
Why 2024 will be the year of rise of e-LCV’s in India
After remaining below the electrification radar, electric LCVs are now seen as the first step towards pushing the CV seg...
Tata Motors targets 1 million annual sales by FY30
The target, shared with vendor partners, will require the automaker to grow almost twice as fast as the industry. On hyb...