Toyota City, Japan
Toyota Motor Corp. (TMC) has announced plans to export cars manufactured by its subsidiary in India to South Africa.
The company plans to begin exporting its "Etios" series sedan and hatchback. The vehicles are manufactured by production and sales subsidiary Toyota Kirloskar Motor Private, Ltd. (TKM). Both models run on gasoline.
Toyota has manufactured vehicles in India for sale there since 1999. However, this will be the first time it exports to overseas markets vehicles manufactured in India by TKM.
In a statement, TMC said that it would modify the Etios vehicles slightly to suit "lifestyles, consumer preferences, climate, road conditions and usage considerations in South Africa."
Exporting vehicles manufactured by TKM in India to South Africa fits in with planned expansion into emerging markets. To handle the exports, TKM will increase its annual automobile production capacity from its current 160,000 vehicles to 310,000 vehicles in 2013.
However, Bangalore, India-based TKM says it plans to begin exporting cars to South Africa by March 2012.
Japan's Toyota Motor owns an 89 percent share of TKM, and India's Kirloskar Group owns the rest.
TKM sold 12,807 vehicles in September, which was a 105 percent increase over vehicle sales in August.
Toyota Warns Parts Suppliers to Reduce Prices or Be Replaced
Although Toyota Motors' production in Japan and overseas has recovered from the March 11 magnitude 9 earthquake and tsunami, trouble still looms for the parts suppliers of the Japanese carmaker.
Toyota is threatening its vendors to cut their costs or risk being replaced by overseas suppliers. The cost-cutting measures are part of Toyota's response to the yen's appreciation causing the company to lose $443 million (¥34 billion) in operating profit for every ¥1 appreciation against the dollar.
Toyota hinted to its Japanese spare parts suppliers that it may instead source auto components from emerging markets if the local producers cannot match overseas prices.
Reports said that Toyota gave the condition to its 219 largest domestic suppliers, including Denso and Aisin Seiki, at a meeting held in August in Nagoya Prefecture.
The tremor led to the temporary closure of 17 Toyota domestic plants, which affected the company's manufacturing facilities in the U.S. and Southeast Asia also. Partial production resumed by late March, but the company projected in late April that full recovery would probably be toward the end of 2011.
Despite the impact of the natural catastrophe, Toyota dealers in Japan sold 141,919 new imported vehicles for the first six months of 2011, up by 19.2 percent from a year ago. The boost in sales was attributed by the Japan Automobile Importers Association to fuel-efficient downsized vehicles.
Recent Auto News, Events & Reviews
- Road Rage: What You Need to Do to Protect Yourself
- Best Chevy of All Time
- Car Market Going Electric
- Ford Explorer: Changing Direction
- Ford and Toyota to Develop New Hybrids
- New 2013 GS Marks Bold Step for Lexus
- Chevrolet Tahoe Hybrid: Big Bang Theory
- 2012 Audi R8 GT: The Collector's Supercar
- 2012 Toyota Yaris: Sized for the Times
- Mercedes-Benz F125 Makes Loud Case for the Future
- Bad News for Detroit
- GM Enters Electric Car Joint Venture With Chinese Automaker
- Cars Talking to Cars Is Next Safety Wave
- 100 Years of Chevrolet
- 2012 Scion iQ: Great Expectations
- Heat Can Be Deadly
- Remembering the Cars of Yesteryear
- New Economy Standards Provoke Controversy
- Did You Deserve That Speeding Ticket?
- 2012 Mercedes-Benz SLK350
- Buying a Car This Summer
- Best Summer Rides
- BMW 1 Series M Coupe: Furiously Fast
- Mass Transit Cleans up Its Act
- Putting $4 Gas In Perspective
- The Real Cost of Ethanol
- Auto Industry Weathers High Fuel Prices
- Solar-powered Race Cars
- 2013 Ford Taurus: Tomorrow's Car Today
- The Dangers of Running on Empty
- Ethanol Needs Boost From Feds
- Is Propane the Fuel of the Future?
- Look Beyond Sticker Price for a Car's True Costs
- As Fuel Prices Rise, Small Cars Get Hotter
- Chevrolet Camaro ZL1: The Thrill is Back
- Top 5 Vehicles for Ski Week
- Ford's Mulally Wins Automotive Executive of the Year Award
- Giving the Red Light to Red-light Runners
- Electric Bikes Get Cranked Up
- Seniors Call on President Obama to Stem Gas Costs
- A Warning on Warning Lights
- Avoiding RV Disasters
- Young Drivers Play With Fire
- Obama Should Challenge Country to Make a Clean Energy Automobile
- Ford C-Max: A Mini Minivan
- Can Toyota Rise Again?
- 11 Coolest Scooters to Help You Spring Into 2011
- In-car Gadget Market Grows
- Audi A6: Sibling Rivalry
- Consumers More Aware of Alt-fuel Vehicles
- Ford Vertrek: An Escape From the Escape
- Get Your Armor on
- Controversy Over Ethanol
- Aging Drivers Cause Concern
- Our 5 Favorite Must-haves for Car Geeks
- Smart Phone Apps Help Stop Distracted Driving
- Time to Buy a New Car?
- Cadillac Eyes Smaller Cars
- 2011 Chevrolet Camaro Convertible Debuts
- Greatest Cars - Triumph TR-2
- Greatest Cars - Porsche 911
- Greatest Cars - Lamborghini Countach
- Are Green Vehicles Overhyped?
- Is Propane Fuel Getting a Fair Shake?
- Negotiating Car Price Still Saves Big Bucks
- Auto Leasers Remorse on the Rise
- Tailgating Goes Upscale
- Chevrolet Volt Becomes a Political Issue
- 4 Steps to Fix Your Car for Fall
- Kicking Off a 'Hydrogen Highway'
- Get Ready to Plug in Your Car
- Making Cars Safer
- Putting the Brakes on Ethanol
- Toyota Lost Its Way
- The Most Anticipated 2011 Cars
- Battle of the Greenest: Electrics vs. Hybrid Cars
- Don't Write Off Gasoline Engines Yet
- American Car Buyers Think Small
- Prepay Your Traffic Tickets?
- Buy or Lease: Is There a Simple Answer
- Will Hybrids See a Resurgence?
- Detroit Tops Auto Industry Customer Satisfaction
- Steps to Finding the Right Mechanic
- Men Seeking Cars Increase
- 2011 Model Year Holds Great Suspense
- Danger From GPS?
- Carbon Dioxide Emissions: Epoch-Changing Decision from the EPA
- Tracking Device Saves You Money on Car Insurance
- Electric Cars May Not Make the World Greener
- 10 Ways to Exercise Your Driving Muscles
- When Should You Buy Gas?
- American Carmakers Cry Foul
- Breathe Easier With 5 Cost-saving Clean Air Tips
- Chrysler Tries to Kick up Incentives in July
- Austin 7
- Benz Patent Motor Wagen
- Continental Mark II
- Cadillac V-16
- Chevrolet 409
- Chevrolet Chevelle SS 454
- Stutz Bearcat
- 1959 Chevrolet El Camino
- Porsche 356
Copyright © 2011 Studio One Networks. All rights reserved.