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.
30 Sep 2024 | 5760 Views | By Ketan Thakkar, Ashutosh R Shyam & Shahkar Abidi
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 ...
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