Toyota: Toyota Motor Corp. reported a decline in its quarterly operating profit for the first time in two years, as the company faces challenges adjusting to the global market's growing shift toward electric vehicles (EVs). According to reports, Toyota’s revenue reached 11.44 trillion yen, slightly surpassing analyst expectations of 11.41 trillion yen for the quarter. However, its operating profit fell to 1.16 trillion yen, falling short of the anticipated 1.24 trillion yen, reflecting a 20 percent drop compared to the previous year.
The automaker has been cautious in its approach to fully battery-powered electric vehicles. Toyota’s Chairman, Akio Toyoda, recently expressed concerns about the future of the industry under an “electric-vehicle-only” scenario. He warned that such a shift could lead to significant job losses, particularly in engine-related roles. Toyoda emphasised that 5.5 million people work within Japan’s automotive sector, many of whom have long been involved in engine production.
Despite the profit drop, Toyota reaffirmed its full-year operating profit forecast of 4.3 trillion yen. The company also continues to grapple with challenges such as vehicle recalls. In September, Toyota announced the recall of 42,000 vehicles due to a potential issue with the power brake assist system, which could affect stopping distances in certain 2023-2024 Corolla Cross Hybrid models.
In June, Toyota's market value dropped by over 15 billion dollars after Japan’s Transport Ministry discovered that some automakers, including Toyota, had used falsified data in certifying vehicle models. The investigation also uncovered irregularities in certifications by Honda, Suzuki, and Yamaha.
Toyota recently launch mini fortuner with best mileage of 18 km per liter
Toyota is set to launch a mini fortuner 'Toyota Hyryder SUV' soon in the market. The new model is expected to be luxurious and thoughtfully designed interior, boasting premium materials and ample space for front and rear passengers. The cabin is driver-focused, with an ergonomic dashboard featuring intuitive controls and essential safety measures, including a driver airbag and ABS with EBD. A nearly flat dashboard stretches across the interior with a subtle glossy accent, and the instrument cluster includes an analog speedometer and fuel gauge.
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Toyota Hyryder SUV Features
1. The SUV offers an impressive lineup of modern features, such as-
2. A large touchscreen compatible with smartphones
3. High-quality speakers, climate control,
4. Multifunctional steering wheel, and a sunroof.
5. For enhanced safety, the Hyryder is equipped with multiple airbags, an anti-lock braking system, electronic brake distribution, electronic stability control, and a tire pressure monitoring system.
6. Under the hood, the Toyota Hyryder comes with both petrol and hybrid powertrains.
7. The petrol engine is well-suited for both city driving and highways, delivering a solid mix of power and torque.
8. The Hyryder’s suspension system is optimised for comfort and handling, providing stability on various road surfaces and ease in navigating winding roads.
Toyota Hyryder SUV Price
In terms of pricing, the Toyota Hyryder ranges from Rs 11.14 lakh to Rs 19.99 lakh (ex-showroom, Delhi). The strong hybrid variants are priced from Rs 16.66 lakh onwards, while CNG versions start at Rs 13.71 lakh. This pricing positions the Hyryder as an attractive option within the SUV segment, offering a mix of luxury, performance, and efficiency.
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