Toyota Motor Corporation is Japanese automotive giant headquartered in Toyota, Aichi and is one of the most top of the brand recall car manufacturer in the world.
Toyota has tie-up with 53 overseas manufacturing companies in 28 countries and it conducts business in more than 170 countries and regions. The company has undergone a tremendous progress in 21st century with innovation in luxury brand (Lexus) and first mass produced hybrid car (Prius).
With highest revenue and net income in 2015, Toyota leads the ranking in automobile sector. With record annual net income loss of $4.2 billion USD in 2009 because of global financial crisis, Toyota improved its bottom line a far better to top the net income within automobile sector this year. Toyota has products in categories such as sedans, SUVs, hatchbacks, minivans and cab-wagons etc. Company recently added the award for the most trusted brand in automobile in 2015 by Reader’s digest in its hall of fame.
It was awarded First No Cost Maintenance Plan and Most Fuel-Efficient Full-Line Automotive Manufacturer in 2015. Toyota Motors believes that gasoline and diesel-engine cars will become extinct by 2050 and hybrids will account for most its global vehicle sales. Thus there will be no doubt that Toyota is harbinger for the upcoming revolution in automobile industry and accordingly molding company’s strategy. With growing pollution concerns, focus on green cars appears to be part of Toyota’s long-term strategy and given the tough emission standards and antipollution measures in most countries, hybrid cars could be the key for future revenue growth. Toyota had some of the top selling cars like Corolla, Qualis, and Innova etc. in its fleet. Toyota sold 1.28 million Toyota Corolla which was for the first time in the history. Recently Toyota has launched Innova Crysta in Indian market. The second generation MPV of the iconic and segment leading Innova has all the bells and whistles to replicate its predecessor.
Revenue: USD 2, 50,557.59 million
Net income: USD 19,994.71 million
1 The revenues, profits and number of cars sold are considered for the year 2015-16
2 First the individual ranks across each parameter is calculated, and then the overall rank is calculated