Toyota Cars in India

million vehicles every year.

The parent company, Toyota Industries, developed the first passenger car in 1936 named the Toyota AA. This was just before the outbreak of the Second World War. Post WW2, Japan and the USE emerged as close partners, especially in trade. Toyota benefitted widely from this. The company learned the tricks of the trade from the bigger auto companies in the USA.

In the 1960s, with the rapid growth in the Japanese economy, Toyota started to produce cars like the Toyota Corolla. The car went on to become the ‘most sold automobile’. The company also started exporting its vehicles. In 2020, the company became Japan’s largest company and 9th largest company in the world.

Toyota is listed on numerous stock exchanges in the world. This includes the London Stock Exchange, New York Stock Exchange and Tokyo Stock Exchange. It is a component in Japan’s benchmark index, Nikkei225.

he company had launched hybrid vehicles long back in 1997. Toyota Prius was one of the first cars in the world to work on the hybrid electric system. Currently, the company has over 40 hybrid vehicle models across the globe. The company is also launching several all-electric cars like RAV4 Prime. One of its models, Toyota Mirai, was manufactured to run on hydrogen fuel.