Live
- Nepal’s Indra Jatra Festival Kicks Off with Worship of a Living Goddess
- Iraqi militia commander killed by drone attack near Damascus airport: war monitor
- Multan to host two England vs Pakistan Test matches, Rawalpindi to host third
- ‘Fear’ teaser unveiled; Vedhika shines in this suspense thriller
- Sunita Williams celebrates 59th birthday, second in space
- IND vs BAN: India extend firm grip in first Test; extend overall lead to 308
- Ganesh Visarjan violence 'pre-planned': BJP's fact finding panel
- ‘Pailam Pilaga’ review: Entertainment intertwined with meaningful themes
- Ubtan and Home Remedies vs. Advanced Skincare: Finding the Perfect Balance
- BJP to intensify J&K poll campaign, Amit Shah's rally blitz on Saturday
Lexus India mulls assembling unit
Toyota has been enjoying remarkable sales figures of its two utility vehicles – Innova Crysta and Fortuner.
Toyota has been enjoying remarkable sales figures of its two utility vehicles – Innova Crysta and Fortuner.
The biggest epitome of this comes out to be the company’s failure of delivering vehicles to the customers on time. Currently, both the big cars are making the customers wait for around six to 10 weeks after the day of booking. Although this sounds pleasant, Toyota has been facing big problems as the capacity of their assembly plant in Bengaluru has touched its limits.
The limit of the company’ first plant, where the Innova Crysta and Fortuner are manufactured, is 1,00,000 units. Since the orders for the cars are much higher, the waiting period is not being reduced. Owing to such predicaments, Toyota Kirloskar Motors has asked the main division of the company, in Japan, to help them with increasing the production capacity somehow and introducing more such vehicles in the market for the customers to have more options.
Whilst all this chaos taking place in Toyota, its partner firm Lexus is planning to set up an assembly facility in India. Lexus made its India debut in March this year with three hybrid models. It has set up four dealerships across the country located in Mumbai, Bengaluru, New Delhi and Gurugram and, reportedly, four service centres may be established in India in the coming days.
A top official from Lexus was quoted saying that they are examining the tax structure of the country, which is quite complicated. Although they consider India as a potential market for their vehicles, the sales of their products are still very slow. For the future, Lexus is planning to expand its dealership reach across Asia and India while currently, the US, Europe and China garner the highest trade for the Japanese automaker.
It remains to be seen how Toyota tackles its shortage of assembly capacity while the demand for their offerings, specifically Innova Crysta and Fortuner, remain high. On the other hand, Lexus announced in September that they are separating their operations from Toyota. Once the company successfully establishes its assembly facility, we may get to see more offerings being introduced in our country.
