in 2023, down 1% from 2022 Thailand and Indonesia export 1.12 million and 510,000 vehicles, respectively, in 2023 ASEAN new vehicle sales in six major countries decline 0.7% to 3.4 million units in 2023 Sales Forecast by GlobalData: ASEAN sales to grow to 3.84 million units in 2027 Toyota new IMV Series pickup truck Hilux Champ (released in Thailand in November 2023) (Source: Toyota)   Vehicle production in four major ASEAN countries de...

Market & Tech Reports  Updated at: 2024/10/02

at 4.5%.   According to 2023 data compiled by Toyota Motor Thailand, the Isuzu D-Max was the bestselling model, followed by the Toyota Hilux, the Toyota Yaris ATIV, the Honda City and the Ford Ranger.   Regarding the launch of new models (other than EV models mentioned above), Toyota released the IMV 0, a 2-seat multi-purpose pickup truck of the IMV series, and the new Yaris Cross. Honda introduced the new Accord e:HEV, a midsize hybrid sedan, ...

Market & Tech Reports  Updated at: 2024/03/05

INE BEV Pickup Single Cab NPS NEX Point's MINE BEV Pickup Double Cab NPD   Toyota organized its booth under the concept of “Multiway for a Better World” this year. Its eye-catching model presented on the press stage was the recently launched all-new Hilux Champ pickup.   Also known as the IMV 0, which was introduced at the Japan Mobility Show 2023, the Hilux Champ will be produced in Thailand, where it is offered in 8 grades, covering a...

Market & Tech Reports  Updated at: 2023/12/27

owth (September 19, 2023) https://www.marklines.com/en/news/294807 Philippines’ Movem Electric continues green mobility push; new EV charging station launched in Makati City (September 5, 2023) https://www.marklines.com/en/news/294015 Toyota Philippines celebrates 35th anniversary; to produce new IMV vehicles in 2024 (August 23, 2023) https://www.marklines.com/en/news/293339 Posco Future M to set up joint nickel company in the Philippines (Augu...

Market & Tech Reports  Updated at: 2023/11/15

garding sales by model, five of top ten models were MPVs. The best-selling model was the Toyota Avanza, a rebadged version of the Daihatsu Xenia. The Toyota Calya and its sibling, the Daihatsu Sigra, which are LCGC-compliant mini MPVs, also performed well. The Toyota Innova, a seven-seat MPV of the IMV series, also remained strong. The Xpander MPV launched by Mitsubishi in 2017 continued to do well, ranking third.   Honda’s LCGC-compliant Brio...

Market & Tech Reports  Updated at: 2021/10/20

ed version of the Daihatsu Xenia. After the Avanza was facelifted in January 2019, its sales increased and reached 86,000 units. The Toyota Calya and its sibling, the Daihatsu Sigra, which are LCGC-compliant mini MPVs launched in 2016, also performed well. The Toyota Innova, a seven-seat MPV of the IMV series, also remained strong. The Xpander MPV launched by Mitsubishi in 2017 continued to do well, ranking third with sales of 63,000 units.   Ho...

Market & Tech Reports  Updated at: 2020/08/25

s Toyota Avanza 124,787 116,311 82,167 MPV OEM-supply from the Daihatsu Xenia Mitsubishi Xpander - 13,070 75,075 MPV Started production in October 2017 Toyota Calya 45,715 73,236 63,970 MPV, LCGC OEM-supply from the Daihatsu Sigra Toyota Innova 57,344 61,775 59,630 MPV 7-seater MPV from the IMV series Honda Brio 41,161 53,958 59,251 Passenger vehicle A, LCGC Launched as new model in October 2018 Daihatsu Hijet (Hi-Max) - 56,232 58,578...

Market & Tech Reports  Updated at: 2019/05/21

ologies: next-generation hybrid technology, TNGA platform, Toyota Safety Sense, and Toyota T-Connect Telematics. It competes with the Honda HR-V and Mazda CX-3. Its price starts from THB 1 million. Export of Hilux to Japan In October 2017, Toyota started export of the Hilux, a pickup truck of the IMV (Innovative International Multi-purpose Vehicle: strategic models for emerging markets) Series, from its Banpho plant in Thailand to Japan. Toyota...

Market & Tech Reports  Updated at: 2018/04/16

ual production capacity of 2 million vehicles).   Toyota enjoys strong sales of Innova and Fortuner; plans to launch new Yaris and Land Cruiser Prado in FY 2018-19 Toyota announced that its sales in India for 2017 grew by 5% y/y. The company achieved a milestone of recording the highest ever IMV* sales (73,000 units of the Innova and 24,000 units of the Fortuner) in the country. Sales volume of the Camry Hybrid was impacted by increased pr...

Market & Tech Reports  Updated at: 2018/03/23

ndonesian market, with 124,787 vehicles sold in 2016 (see Table 4). Its sibling vehicle, Daihatsu's Xenia, is the automaker's best seller, with sales for the two models totaling 168,204 vehicles, and composing 40% of the MPV market. In addition to its Innovative International Multi-Purpose Vehicle (IMV) series MPV Innova, which is targeted at emerging markets, in 2016 Toyota/Daihatsu released the Sienta and compact LCGC conforming Calya and Sigra...

Market & Tech Reports  Updated at: 2017/09/12

CVT. It is priced between THB 750,000 and 865,000. Toyota aims to sell 1,700 units by the end of 2016. The model is produced at its Karawang Plant in Indonesia. New Innova Crysta Toyota redesigned the Innova MPV and released it as the Innova Crysta in September 2016. It is the third model of the IMV series, which was strategically designed for sale in emerging markets. (The first model is the Hilux Revo pickup truck released in May 2015, and t...

Market & Tech Reports  Updated at: 2017/01/30

es of Toyota's key models sold in Indonesia Price (in millions of rupiah) Small cars Agya 113 to 136 Etios Valco 149 to 176 Yaris 228 to 269 Vios 280 to 317 Cars Corolla Altis 408 to 444 Camry 560 to 759 Price (in millions of rupiah) Minivan Avanza 184 to 214 IMV Fortuner 442 to 557 Kijang Innova 314 to 427 Hilux S Cab 199 to 322 Hilux D Cab 383 to 440 Source: Toyota Astra Motor (Notes) 1....

Market & Tech Reports  Updated at: 2016/03/28

s to production at a plant in which the concerned automaker does not hold a stake. 2. Annual production capacities are based on information from the automakers' websites and various media reports. Production volumes in 2015 are based on Proliance's data.     Toyota: launching the redesigned IMV Series Innova and facelifted Avanza MPVs Release of new Innova  In November 2015 Toyota launched the new Innova, an MPV with three-rows of se...

Market & Tech Reports  Updated at: 2016/03/18

t leader, increased its share to 37% in 2014 with strong sales of the Yaris eco-car. However, the automaker's share dropped to 34.1% in the January-October period of 2015 due to plunging sales of small cars such as the Yaris and Vios. Although in May 2015 Toyota released the new Hilux, a redesigned IMV destined for sale worldwide, the Hilux wasn't able to curb the continuing decline in Toyota's overall sales. Isuzu regained the second-place posit...

Market & Tech Reports  Updated at: 2015/12/16

production capacity expansion.   ・Toyota revised its 2015 sales target for Thailand downward from the initial target of 330,000 units to 280,000 units in July. As for exports, the automaker is trying to increase the volume by fully redesigning its Innovative International Multi-purpose Vehicle (IMV) pickup trucks for emerging markets.   ・ Nissan started operations at its new Thai plant in July 2014 and intended to offset declining sales i...

Market & Tech Reports  Updated at: 2015/09/17

rough December 2014, Toyota and its major suppliers announced consolidation plans for their brake, manual transmission and other businesses to prepare for the Toyota New Global Architecture (TNGA) platform.  Toyota is launching the all-new Prius and Innovative International Multi-purpose Vehicles (IMVs) in 2015. These models will be major contributors in sales in 2016 and are likely to boost at least Toyota and Lexus brands' vehicle sales. In 20...

Market & Tech Reports  Updated at: 2015/03/13

he relevant automaker does not hold any stake. 2. Annual production capacities are based on the information on automakers' websites and various media reports. Production volumes for 2014 are based on Proliance's data.     Toyota expands exports of Avanza to Middle East and plans to redesign IMV in 2015 Building new engine plant  Toyota began construction of a new engine plant at the site of its Karawang plant in February 2015. The new...

Market & Tech Reports  Updated at: 2015/03/11

broad range of models. Mahindra & Mahindra, another local automaker, is strengthening its area of specialty, the utility vehicles (UVs).  As for Japanese automakers, Honda is doing well due to successful sales of all-new models that were launched in the past few years. Toyota reportedly will renew IMV (Innovative International Multi-purpose Vehicles) series of SUVs and minivans and is developing mid-size passenger cars. In March 2014, Nissan lau...

Market & Tech Reports  Updated at: 2014/10/31

Diesel engine for emerging countries yet-to-be announced Supplied by Toyota Industries Corporation Source: Nihon Keizai Shimbun Aug. 25, 2014, Nikkan Kogyo Shimbun Jun. 20, 2014 (Note) Toyota Industries Corporation is producing 2500cc to 4500cc diesel engines for the Toyota Land Cruiser and IMV, and 2000cc to 2200cc diesel engines for the Toyota Corolla and RAV4.      TNGA, a new product development approach that was introduced by Toy...

Market & Tech Reports  Updated at: 2014/09/18

shed Toyotetsu (Thailand) Co., Ltd. in Prachin Buri. It was capitalized at JPY 3.1 billion. The new plant is scheduled to start operations in April 2015. The plant will supply brake and clutch pedals to Toyota for next-generation models under Toyota's Innovative International Multi-purpose Vehicle (IMV) project. Toyoda Iron Works also received the first order from Honda and will supply body frame components to Honda's new vehicle assembly plant. ...

Market & Tech Reports  Updated at: 2014/09/03