Toyota Fortuner and Legender mild-hybrid variants make India entry, starting at Rs 44.72 lakh
Toyota has introduced the mild-hybrid variants of its popular SUVs, the Fortuner and the Legender, in India. The former has been priced at Rs 44.72 lakh while the latter retails at Rs 50.09 lakh (both ex-showroom). Badged as Neo Hybrid, bookings for these variants are now open, with deliveries expected to begin in the third week of June.advertisementFortuner, Legender Neo Hybrid: PerformanceThe Neo Hybrid variants of the Fortuner and Legender are based on the Diesel 4X4 automatic variants of the SUVs, with a Rs 2 lakh premium over the respective models. The powertrain on offer is a 2.8-litre diesel engine that puts out 204bhp and 500Nm of torque, assisted by a 48V hybrid system including a belt-integrated starter generator and a lithium-ion battery. This system serves two purposes: it enables auto start-stop functionality to increase fuel efficiency and improves low-end acceleration while reducing sound.
Fortuner, Legender Neo Hybrid: ChangesThe external design of the SUVs remains the same, except for the new Neo Drive badge, and so does the interior. What has changed is the feature list, as the Neo Hybrid variants adds a 360-degree camera for enhanced safety and convenience.advertisement
Speaking on the introduction of the Fortuner & Legender Neo Drive 48V variants, Mr. Varinder Wadhwa, Vice President, Sales-Service, Used Car Business, said, 'As the SUV market in India grows steadily, customers are seeking advanced features and differentiated styling, both the Fortuner and Legender rise to meet these expectations with their bold design, powerful performance and comprehensive features, catering seamlessly to the needs of diverse users. Now, the introduction of the new Neo Drive 48V grade in both models marks yet another milestone in our journey. As segment first, it underscores our commitment to delivering ever-better cars that align with evolving customer lifestyles, while also reinforcing Toyota's multi-pathway approach toward carbon neutrality. Through practical, future-ready mobility solutions, we strive to enhance customer value and contribute meaningfully to a more sustainable tomorrow.'Subscribe to Auto Today MagazineMust Watch
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
35 minutes ago
- Economic Times
Jubilant' Bhartia's Rs 5,650 cr NCDs for coke bottler stake oversubscribed 1.9 X as AMCs double down
HDFC AMC and other leading asset managers heavily invested in Jubilant Bhartia Group's NCDs, which aimed to raise ₹5,650 crore for acquiring a stake in Hindustan Coca-Cola Holdings. The bond offerings were oversubscribed, indicating strong investor confidence. The issues, priced at 8.66% and 8.79% respectively, attracted major players like Nippon India and Franklin Templeton. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: Mumbai: Leading asset management firms, led by HDFC AMC , snapped up the two sets of non-convertible debentures (NCDs) issued by the Jubilant Bhartia Group to raise Rs 5,650 crore to part-fund its acquisition of a 40% stake in Hindustan Coca-Cola Holdings , the parent of Coca-Cola's largest bottling business in bond offerings, made via two group entities, saw bids totalling Rs 10,610.84 crore, nearly 1.9 times the intended amount, according to people familiar with the matter, underscoring the appetite of mutual funds to buy into such Beverages Ltd, which targeted Rs 2,650 crore, received bids worth Rs 5,840 crore against a non-anchor book allocation of Rs 1,855 crore. The offer also included a Rs 795 crore tranche allocated for anchor investors. Jubilant Bevco, which launched a Rs 3,000 crore issue on Tuesday, attracted Rs 4,770.84 crore in bids. This included Rs 900 crore from anchor subscriptions and Rs 2,100 crore from the wider Mutual Fund took nearly 37% of the two fully convertible, rupee-denominated, listed, rated and redeemable NCDs. Other key investors included Nippon India Mutual Fund, Franklin Templeton, Aditya Birla Sun Life Mutual Fund, Axis Mutual Fund, Kotak Mutual Fund, Nomura Fixed Income Securities, ICICI Prudential MF and Bajaj Finance. Jubilant Beverages'the people Stanley was the lead arranger of the issue. Standard Chartered was the co-arranger for the Jubilant Beverage bonds are structured as zero-coupon instruments with tenures of two years, 11 months and 27 days. HDFC AMC remained unanswered as of press time Wednesday.'We are seeing mutual funds, especially hybrid and corporate bond funds, emerge as anchor investors in short-term papers, particularly in the three-year segment,' said Venkatakrishnan Srinivasan, founder and managing partner at Rockfort Fincap LLP. 'The spread over G-Secs remains attractive at around 80–85 basis points, which explains the strong appetite, compared to 10-year G-sec where the spread is approximately 40-45 basis points.' A surge in system liquidity since April has also boosted inflows into mutual funds, enabling them to deploy significant amounts in primary corporate bond issuances , where yields remain attractive, he said.'Though this is a fixed-rate bond, some investors paid a higher amount for the minimum allocation which meant a lower effective yield for them," said another person aware on condition of from the bonds will go toward financing Jubilant Bhartia Group's Rs 12,650 crore acquisition of Hindustan Coca-Cola Holdings (HCCB) alongside funds managed by Goldman Sachs Asset Management. The deal, first announced in December 2024, received clearance from the Competition Commission of India last the transaction structure, Jubilant Beverages will acquire equity shares in HCCB from Coca-Cola entities. Meanwhile, Jubilant Bevco and the investor consortium will subscribe to compulsorily convertible preference shares issued by the company. Coke will reduce its shareholding further once the company lists, scheduled 1.0-1.5 years transaction marked the biggest acquisition by the promoters of the pizza-to-pharma conglomerate till date. The Bhartia family, which has exclusive franchise rights for Domino's Pizza, India's largest foods services brand, did not want to over-leverage. They are funding about Rs 5,000 crore total acquisition financing includes Rs 5,650 crore in debt and quasi-equity from private capital providers, with the remainder coming via equity infusion from the Jubilant Bhartia holding company. The transaction pegs the enterprise value of Hindustan Coca-Cola Beverages at Rs 31,250 crore.
Time of India
40 minutes ago
- Time of India
Jubilant' Bhartia's Rs 5,650 cr NCDs for coke bottler stake oversubscribed 1.9 X as AMCs double down
Agencies Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Mumbai: Mumbai: Leading asset management firms, led by HDFC AMC , snapped up the two sets of non-convertible debentures (NCDs) issued by the Jubilant Bhartia Group to raise Rs 5,650 crore to part-fund its acquisition of a 40% stake in Hindustan Coca-Cola Holdings , the parent of Coca-Cola's largest bottling business in bond offerings, made via two group entities, saw bids totalling Rs 10,610.84 crore, nearly 1.9 times the intended amount, according to people familiar with the matter, underscoring the appetite of mutual funds to buy into such Beverages Ltd, which targeted Rs 2,650 crore, received bids worth Rs 5,840 crore against a non-anchor book allocation of Rs 1,855 crore. The offer also included a Rs 795 crore tranche allocated for anchor investors. Jubilant Bevco, which launched a Rs 3,000 crore issue on Tuesday, attracted Rs 4,770.84 crore in bids. This included Rs 900 crore from anchor subscriptions and Rs 2,100 crore from the wider Mutual Fund took nearly 37% of the two fully convertible, rupee-denominated, listed, rated and redeemable NCDs. Other key investors included Nippon India Mutual Fund, Franklin Templeton, Aditya Birla Sun Life Mutual Fund, Axis Mutual Fund, Kotak Mutual Fund, Nomura Fixed Income Securities, ICICI Prudential MF and Bajaj Finance. Jubilant Beverages'the people Stanley was the lead arranger of the issue. Standard Chartered was the co-arranger for the Jubilant Beverage bonds are structured as zero-coupon instruments with tenures of two years, 11 months and 27 days.'We are seeing mutual funds, especially hybrid and corporate bond funds, emerge as anchor investors in short-term papers, particularly in the three-year segment,' said Venkatakrishnan Srinivasan, founder and managing partner at Rockfort Fincap LLP. 'The spread over G-Secs remains attractive at around 80–85 basis points, which explains the strong appetite, compared to 10-year G-sec where the spread is approximately 40-45 basis points.' A surge in system liquidity since April has also boosted inflows into mutual funds, enabling them to deploy significant amounts in primary corporate bond issuances , where yields remain attractive, he said.'Though this is a fixed-rate bond, some investors paid a higher amount for the minimum allocation which meant a lower effective yield for them," said another person aware on condition of from the bonds will go toward financing Jubilant Bhartia Group's Rs 12,650 crore acquisition of Hindustan Coca-Cola Holdings (HCCB) alongside funds managed by Goldman Sachs Asset Management. The deal, first announced in December 2024, received clearance from the Competition Commission of India last the transaction structure, Jubilant Beverages will acquire equity shares in HCCB from Coca-Cola entities. Meanwhile, Jubilant Bevco and the investor consortium will subscribe to compulsorily convertible preference shares issued by the company. Coke will reduce its shareholding further once the company lists, scheduled 1.0-1.5 years transaction marked the biggest acquisition by the promoters of the pizza-to-pharma conglomerate till date. The Bhartia family, which has exclusive franchise rights for Domino's Pizza, India's largest foods services brand, did not want to over-leverage. They are funding about Rs 5,000 crore total acquisition financing includes Rs 5,650 crore in debt and quasi-equity from private capital providers, with the remainder coming via equity infusion from the Jubilant Bhartia holding company. The transaction pegs the enterprise value of Hindustan Coca-Cola Beverages at Rs 31,250 crore.
Time of India
an hour ago
- Time of India
Cos Bring Fatter Cheques to Campus
The Class of 2025 has higher salary offers across top campuses after a flat 2024, signalling a pickup in hiring activity, according to the Deloitte Campus Workforce Trends: Placement Cycle 2025 report, which analysed placements across 508 institutions. Median salaries for MBAs and BTechs are expected to rise 8.3% and 4.3% year-on-year, respectively, after declining 9% and 0.1% in 2024. At the top 10 MBA colleges (according to NIRF rankings), the median package is set to touch ₹26 lakh per annum in 2025, up from ₹24 lakh last year. For the top 10 BTech colleges, it's ₹17 lakh, up from ₹16.3 lakh in 2024. The report attributes the uptick to pent-up demand after last year's muted hiring, sharper skill-based recruitment, and attrition backfill. Campuses confirmed the trend. 'Average salary has risen, and this growth is largely driven by expanding opportunities in high-growth sectors such as private equity, renewable energy and healthcare,' Himanshu Rai, director of Indian Institute of Management (IIM) Indore, told ET. He highlighted a significant rise in the variable pay component, particularly in consulting and finance roles, which reflects performance-linked structures and sector-specific demand. IIM Ahmedabad, the country's leading management institute, is in the process of consolidating data from the previous placement cycle audited, its placement committee chairperson Viswanath Pingali said. 'Informal data analysis suggests there is a small increment in the salaries. It is the general trend," he said. National Institute of Technology (NIT) Jalandhar saw significant improvement both in the number of students placed and salary packages, its director Binod Kumar Kanaujia said. Total placements rose 15% to 1,005 in 2025, from 873 in 2024, 'while the most significant hike was seen in the Rs 40-50+ lakh per annum range, which jumped from 13 students in 2024, to 24 in 2025,' he said. This is the 5th edition of Deloitte Campus Workforce Trends, which also surveyed 238 organisations across industries. 'Engineering degrees are leading YoY compensation growth (4.65%), outpacing the management degrees (2.19%),' said Neelesh Gupta, partner at Deloitte India. BTech students continue to draw the highest pay packages, followed by Bachelor of Law and BBA students. 'The technology sector is the most preferred industry by students for the fifth year in a row,' Gupta said. Highest compensation growth vis-à-vis last year was in manufacturing, followed by the consumer sector, while life sciences/pharmaceuticals trailed. The variable pay component, referred to as 'pay at risk', has become a default feature at the campus hiring level. '97% of organisations have implemented short-term incentive programmes or bonus or performance-linked incentives,' the Deloitte study said. In addition, there has been a 24% increase in pre-placement offer conversions across all degrees in FY25 vis-à-vis FY24. For MBAs, the top two roles are management consultant and product manager; for BTechs, they are development engineer and data scientist, and for CAs, audit manager/internal audit and management accountant, among others. Organisations are increasingly leveraging retention bonuses to boost early tenure among campus hires. 'Positioned as a 'stay incentive', these payouts are designed to anchor fresh talent through the critical first year,' Gupta said. Campus attrition has declined by 3% on-year in 2025 across all streams, with the sharpest drop seen in one-year attrition among MBA graduates, Gupta said.
