KATHMANDU: Toyota Motor has halted development of the next-generation Lexus electric sedan as the company shifts focus towards SUVs and other high-demand vehicle segments amid slowing global EV sales. According to Nikkei Asia, Toyota has stopped plans for the production…

KATHMANDU: Toyota Boshoku has introduced a premium desk chair inspired by the driver’s seat of the Toyota Crown. The company is entering the home furniture segment for the first time with this product. Toyota Boshoku is a key supplier within…

KATHMANDU: Toyota has achieved a major milestone in India’s electrified vehicle market. The company has sold over 300,000 hybrid vehicles in the country, reflecting growing demand for self-charging hybrid technology. Toyota currently offers hybrid powertrains in models such as the…

KATHMANDU: Toyota Motor Corporation is planning to set up three new vehicle assembly plants in India. The move is part of its strategy to expand in emerging markets. The company is expected to invest around $1.9 billion in new facilities…

KATHMANDU: A new commercial vehicle holding company, Archion, has started operations in Japan. The company is backed by Toyota Motor and Daimler Truck. Archion combines Hino Motors and Mitsubishi Fuso Truck and Bus under one group. It aims to improve…