Toyota Net Profit Soars In Q3, Hikes Full-Year Outlook
Toyota said it saw net profit at 1.90 trillion yen for the fiscal year to March, compared with its earlier estimate of 1.42 trillion yen. By AFP | Published:
0 Views View Photos
Toyota has said it saw net profit at 1.90 trillion yen for the fiscal year to March
Toyota said Wednesday that net profit soared 50 percent in the third quarter and upgraded its full-year forecasts as the global auto industry gradually recovers from the pandemic. The world s top carmaker made 838.7 billion yen ($8.0 billion) in the three months to December, compared with 559.3 billion yen a year earlier, it said as it revised up full-year forecasts for the second straight quarter.
Car Sales January 2021: Toyota Registers 92% Sales Growth In The Domestic Market
14,007 Views View Photos
Highlights
The new Toyota Fortuner facelift was launched in India this month
Over 50,000 units of Toyota & Suzuki Alliance models retailed
Toyota India has announced its monthly sales figures for the month of January 2021. The Japanese carmaker recorded a year-on-year (Y-o-Y) growth of 92 per cent in domestic sales in January 2021 by retailing 11,126 units compared to 5,804 units sold in the same month a year ago. Compared to last month, the January sales number witnessed a month-on-month (M-o-M) growth of almost 32 per cent, wherein the carmaker had retailed 7487 units. However, the carmaker retailed 8,508 units in November 2020, which was majorly driven by the festive season.
Toyota India believes 2021 will bring better sales Updated Jan 11, 2021 | 14:20 IST
Toyota Kirloskar Motor recorded a 6 per cent increase in wholesales in the October-December quarter. Additionally, the carmaker also recorded a 14 per cent growth wholesales in December. Toyota India believes 2021 will bring better sales
Despite the roller-coaster ride that was the year 2020 for all automakers in India, most of them are starting off 2021 on a rather optimistic note. This includes Toyota Kirloskar Motor as well, which expects better sales in 2021 than the levels it observed in 2020. And what s the foundation of this optimism, you ask. Well, that would be the launch of new product as well as the hopes for an economic revival. A PTI report notes that Toyota Kirloskar Motor recorded a 6 per cent increase in wholesales in the October-December quarter. Additionally, the carmaker also recorded a 14 per cent growth wholesales in December at 7,487 units compared