The country's largest carmaker said it will allot some other model, in place of Vitara Brezza, to be manufactured at the Toyota Kirloskar Motor (TKM) plant

In the wake of COVID crisis, the finance ministry last week asked all ministries and departments not to initiate any new scheme in the current financial year and said that there is a need to use resources prudently in these difficult times

In a bid to contain costs, a number of carmakers, including Hyundai, Kia, Renault-Nissan, VW-Skoda and Maruti-Toyota, have shared platforms and even cross-badged products in India. Almost all have failed but the strategy continues

Auto manufacturers will roll back several older models of cars to rationalise production to manage the high cost of changing to BS-VI vehicles

Operating profit rose 14% to 662.3 billion yen for the three months to September 30 as Toyota enjoyed its strongest Q2 since 2015

TKM is the fourth company to offer voluntary retirement for its employees after GM, Hero Motorcorp and Ashok Leyland as the ongoing auto slowdown continues to lead to heavy losses for companies

Japan's Toyota will not build cars at its British factory the day after Britain leaves the European Union as part of plans to handle any disruption from a potentially disorderly Brexit.

The two companies first began considering business partnership in October 2016 and since then have continued to consider specific details

Suzuki Motor has decided to restrict capacity to 7.5 lakh vehicles a year, influenced by supply-side constraints in the state as well as the fact that the domestic automobile industry is in the midst of the worst sustained slowdown ever witnessed

This would be Kenichi Ayukawa's third three-year term as MD and CEO of Maruti. Ayukawa, who earlier served in the US, Japan and Pakistan, was appointed on March 15, 2013.

The two companies announced that during the first phase their primary focus would be the Indian market. Maruti Suzuki would be sharing its Vitara Brezza platform with Toyota in exchange for Corolla Altis.

Toyota dealerships are reportedly offering discounts on vehicles that the Japanese carmaker makes in India, like its sedans Yaris, Corolla Altis and Etios, MPV Innova Crysta, SUV Fortuner, Etios Liva, and SUV Fortuner.

Prices for the Honda Civic petrol variant start at Rs 17.69 lakh for the base V variant, Rs 19.20 lakh for the VX variant, while the top ZX trim costs Rs 21.00 lakh. The two diesel variants on offer are the VX and ZX, priced at Rs 20.50 lakh and Rs 22.30 lakh, respectively.

The new 2019 Honda Civic will look to take up the challenge and could unseat the likes of Skoda Octavia, Toyota Corolla Altis and Hyundai Elantra from the top.

Kenichi Ayukawa led Maruti to a position of historic strength in 2017/18 and is prepping the company for future challenges.

The new Honda Civic is expected to arrive along with the company's new entry-level car Amaze and the premium SUV CR-V.

Toyota has been working on incorporating its own unique features to the model that has been a runaway success for Suzuki's Indian arm -- Maruti Suzuki

Under phase 2 of the FAME scheme, the government expects to see an eight-fold increase in the sale of EVs.