Toyota lifts India investment freeze; to release more cars

by SpeedLux
Images of 2017 toyota tacoma trd pro

Toyota will introduce more cars and ramp up volumes in the world’s fifth most significant vehicle market, reversing an earlier choice to freeze investment after the Supreme Court lifted a 8 month ban on sale of big diesel automobiles in Delhi.

Hiroyuki Fukui, chief executive for Asia, Middle East & North Africa region at Toyota Motor Corporation (TMC), stated the company will focus more on India and present automobiles to meet requirements of local consumers.

The restriction cost Toyota an approximated Rs 1,700 crore ($255 million) in earnings from sales of about 8,500 vehicles. Delhi-NCR represent 7-8% of sales of the car maker’s overall sales in the country. Vikram Kirloskar, vice chairman of Toyota Kirloskar Motor, informed early this month Toyota will hold back the launch of its Lexus and Daihatsu brands in India, and that it will not make fresh investments till regulatory uncertainty is cleared.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.


SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.


©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More