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News CORPORATE WATCH

  • Mar 12, 2013
  • New models, youth focus help Japanese car maker Toyota gain ground in India

    In February this year, Japanese car maker Toyota achieved something it hadn't managed before: it sped past Tata Motors to become the fourth largest car maker in the country.Though Tata Motors' production cut in February may have helped Toyota indirectly, and analysts may term the achievement as some kind of a blip, one can't deny the fact that the car maker managed to cross the market share of over 5% through robust, new offerings over the past couple of years, which even its competitors like Ford, GM India, Honda, who were here before Toyota, didn't achieve.The company has not only grown its volumes and market share, but it has done so profitably unlike its many peers or rivals.

    Source - http://economictimes.indiatimes.com