Toyota India

Auto sales enter slow lane in May, expected to bounce back in the festive season

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Auto sales enter slow lane in May, expected to bounce back in the festive season

Automobile sales slowed down in May as a combination of factors such as heatwaves, election-related uncertainties and a high base led to a decline in dispatches from the manufacturers to the dealers over the year-ago period, said executives at manufacturers that released the monthly sales figures on Saturday.Automobile manufacturers in India count dispatches to dealers … Read more

toyota: Japanese auto giant Toyota posts record net profit

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toyota: Japanese auto giant Toyota posts record net profit

Toyota reported record annual net profit of more than $30 billion on Wednesday but the world’s largest automaker by sales warned that the current year would be less spectacular. Helped by a weak yen and strong hybrid vehicle sales, the Japanese giant’s bottom line doubled to 4.94 trillion yen ($31.9 billion) in the year to … Read more