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Assessing India situation with regard to global recall: Toyota

PTI

New Delhi

Japanese auto major Toyota is evaluating the possibility of recalling vehicles in India as part of the company's global recall of 65 lakh cars to fix potentially defective power window switches.

"Toyota Kirloskar Motor with the guidance of TMC is currently assessing the India situation with regard to the global recall announced by TMC on October 21," Toyota Kirloskar Motor (TKM) Vice-Chairman and Whole-Time Director, Shekar Viswanathan told PTI.

If any model being sold in India is found to be affected, the company will take necessary measures in accordance with the voluntary recall code, he added.

"We would like to assure all customers that we do not anticipate the identified condition will lead to any concerns that will interfere with the normal usage of the vehicle," Viswanathan said.

On Wednesday, Toyota had announced a global recall of 65 lakh vehicles to rectify a power window glitch which could lead to fire risk. It included models such as Yaris, Corolla, Camry and RAV4 sport utility vehicle produced between 2005 and 2010.

In the past few months, Toyota had recalled nearly 10 million vehicles due to defective air bags that have been linked to several deaths globally.

In India, TKM manufactures and sells models like Corolla Altis, Etios, Etios Liva, Etios Cross, Camry, Innova and Fortuner. High-end models like Prado and Land Cruiser come as completely-built up units (CBUs).

Automobile manufacturers in India have been recalling vehicles on safety issues since industry body Society of Indian Automobile Manufacturers (SIAM) initiated a voluntary policy in July 2012.

A total of 13,25,064 vehicles have been recalled so far in India by various companies ever since it started.

Last month, Honda Cars India Ltd (HCIL) recalled around 2.24 lakh units of its premium sports utility vehicles -- CR-V, sedans Civic, City and hatchback Jazz manufactured between 2003 and 2012 -- to replace faulty airbag inflators in the largest such exercise in the country.

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Sebi impounds Rs 6-cr from 3 individuals in fraud trade case

The Goan Network
Published Oct 23, 2015, 12:00 AM IST
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PTI New Delhi Capital markets regulator Securities and Exchange Board of India (SEBI) has ordered impounding the alleged unlawful gains of nearly Rs 6 crore made by three individuals through fraudulent trading. The three individuals -- Arvind Babulal Goyal, Executive Director and Compliance Oficer of InCap Financial Services (IFSL), Abhay Javlekar and Ramesh Dwarkadas Daga -- indulged in synchronised trading among themselves, self-trades and reversal of trades that created…

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