Toyota in Russia

Assets in Russia

In Russia for 2011, the interests of the company are represented by two subsidiaries:

• Toyota Motor LLC (responsible for the sale of cars), head office in Moscow;
• Toyota Motor Manufacturing Russia LLC (responsible for the production of cars in Russia), head office in St. Petersburg;
• Toyota Bank

History

2024: Aurus cars will be assembled at the former Toyota plant in St. Petersburg

Aurus cars will be assembled at the former Toyota plant in St. Petersburg Shushary. This became known on January 19, 2024. Read more here.

2023

FSUE NAMI bought Toyota Boshoku LLC

On July 6, 2023, FSUE NAMI announced the purchase of Toyota Boshoku LLC, a Toyota plant in St. Petersburg, which was engaged in the production of car seats and interior parts for Japanese-made cars. The financial terms of the transaction were not disclosed. Read more here.

Transfer of the former plant under the management of the Almaz-Antey concern structure

Obukhov Plant, part of the Almaz-Antey defense concern, officially became the management company of the former Toyota plant in St. Petersburg at the end of April 2023. The production site of the Japanese manufacturer itself was bought by the Shushary-Auto company, a subsidiary of FSUE NAMI.

According to the Vedomosti newspaper, the management company will engage in all operational activities to manage the enterprise in order to organize the production of cars. In particular, in 2024, it is planned to start production of a civilian BAZ-S36A11 truck developed at the Obukhov Plant Engineering Center at this site. From 2026, it is planned to launch production of the E-Neva electric vehicle range.

Toyota plant in St. Petersburg

The all-wheel drive BAZ-S36A11 was first introduced in April 2023. The car weighing almost 36 tons has a carrying capacity of 22 tons and is powered by a 422 hp YaMZ diesel engine. The truck chassis can be equipped with a drilling, dump and pump superstructure, as well as used as rescue and fire fighting equipment, shift buses. The volume of production of BAZ-S36A11 trucks is estimated at 2 thousand cars per year.

In turn, the E-Neva electric car was developed on the basis of an unmanned modular electric platform presented by the Almaz-Antey concern in August 2021. This is a 4.5-meter-long crossover that will be equipped with two electric motors with a total power of 364 kW. Thanks to the high torque (824 Nm), the electric car will be able to accelerate to 60 km/h in 2.7 seconds. Mileage on a single charge will be 463 km, the maximum speed will reach 197 km/h. The electric crossover will be equipped with an 88kWh LiNMC battery and an energy recovery system.

At the former Toyota plant, BAZ trucks can be assembled, but not on the conveyor - this is a frame and heavy structure, says Sergey Burgazliev, an independent consultant for the automotive industry. According to him, these vehicles will be produced in St. Petersburg by the method of large assembly.^[1]

Toyoya Avensis car recall over defective airbags

Toyota recalls tens of thousands of cars in Russia due to defective airbags that cause injuries. This was announced in early March 2023 by the Federal Agency for Technical Regulation and Metrology (Rosstandart). Read more here.

Limited supply of components for cars

The Japanese automotive corporation Toyota Motor does not officially supply parts and components to Russia, but components not subject to sanctions can be imported by dealers in the Russian Federation and used to service cars, a representative of the concern said in February 2023.

Car recall in Russia due to faulty software

On January 23, 2023, the Federal Agency for Technical Regulation and Metrology (Rosstandart) announced the recall of Lexus and Toyota cars. These are Toyota Camry, Corola, Lexus ES 200, ES 250, ES 350, GX 460, Hiace, LC 300, LC PRADO, LS 350, LS 500, LX 500D, LX 600, NX 250 and NX 350 models. Read more here.

2022

Toyota recalls Lexus NX in Russia due to defective electronic "handbrake"

On September 20, 2022, the Federal Agency for Technical Regulation and Metrology (Rosstandart) announced the recall of new Lexus cars. We are talking about Lexus NX 250 and NX 350 models, the service campaign affected 419 copies. Read more here.

After layoffs, the company employs 277 people

The Russian automobile plant of the Japanese automaker Toyota - Toyota Motor LLC - has completed the procedure for dismissing employees. Now the company employs 277 people, of which 76 are at the St. Petersburg plant.

Toyota plant in St. Petersburg is in the stage of conservation

At the beginning of December 2022, the Toyota plant in St. Petersburg is under conservation, the FSUE NAMI, subordinate to the Ministry of Industry and Trade, does not consider its purchase.

Toyota lost $655 million in six months due to the cessation of production in Russia

Toyota lost almost 97 billion yen in six months (about $655 million due to the cessation of production in Russia). The Japanese corporation announced this in its financial statements, published on November 1, 2022.

We believe that we will suffer damage in the amount of 90 billion yen ($609 billion) in operating profit due to revaluation losses and costs of stopping our production in Russia, the document says.

Toyota lost $655 million in six months

It also adds that Japanese the automaker estimates the total losses in operating profit due to the cessation of production in Russia at 96.9 billion yen.

According to Toyota chief accountant Masahira Yamamoto, the corresponding "amount of losses incurred in the first half of the year includes the cost of dismissal of departing employees and the cost of impairment of assets."

The company announced the decision to close the plant in the village of Shushary in St. Petersburg, which worked in the country for 15 years, at the end of September 2022. The automaker has planned to restructure its representative office in Moscow to support retail chains and provide customer service in the country.

As noted in the Ministry of Industry and Trade of the Russian Federation, the company will maintain after-sales service for Toyota and Lexus cars in the Russian market and support for the local dealer network. The ministry added that it was working on possible scenarios for the development of the St. Petersburg site with the authorities of St. Petersburg.

Toyota acknowledged in late October 2022 that annual output was likely to fall below target. The company's plans to produce at least 9.7 million vehicles for the current fiscal year, which ends in March 2023, have been derailed by a global shortage of semiconductor chips.

Toyota has produced cars in the industrial zone of Shushary in St. Petersburg since 2007. In 2021, 80,800 Camry and RAV4 cars were produced at the plant.^[2]

Shutdown and conservation of production in Russia

The St. Petersburg Toyota plant has been idle since the spring of 2022 after the start of Russia's special operation in Ukraine, and those cars that did not have time to assemble were eventually dismantled for spare parts, the Toyota dealership said in September 2022. Dealerships hope for parallel imports, but "according to preliminary estimates, taking into account all possible problems and risks, prices will be higher than the current ones."

On September 23, 2022, Toyota officially announced the cessation of car production in Russia, noting that this decision was not easy for it. The company's plant in Shushary (Petersburg) worked for 15 years. The automaker was never able to establish the supply of components to the Russian Federation. Now the site will be mothballed and subsequently possibly sold, but Toyota production will not resume on it.

Toyota will help its employees in the Russian Federation with employment and retraining, is ready to provide financial support, the company said.

The Moscow office of the concern will also be optimized: its employees and the staff of the plant will be offered increased compensation - from 12 salaries. At the same time, the company does not leave the Russian Federation.

In mid-October 2022, the dismissal of 2,000 employees in Russia was announced.

2007

Opening of Toyota Bank

In 2007, Toyota Bank CJSC began operating in Russia, having representative offices in Moscow and St. Petersburg. The bank's specialization is retail car loans and corporate lending to official car dealers Toyota and Lexus. Toyota Concern, according to its own data, became the first international automaker to open its bank in Russia.

The launch of the plant in Shushary

The production of cars Russia in was opened on December 21, 2007; at the first stage, the plant began to produce 20 thousand Toyota E-class Camry cars per year for the domestic Russian market (in the future, export supplies are possible). In the future, production will be increased to 50 thousand cars per year, and in the future - to 200-300 thousand cars. The volume of investments in the project is estimated at about $150 million.

General Director of Toyota Motor Manufacturing Russia LLC:

2005-2008 - Masaaki Mizukawa; 2008-2011 - Mitsuaki Sugimori; since the beginning of 2011 - Yoshinori Matsunaga.

2005: Agreement on the construction of a plant in Russia

In April 2005 Toyota , she signed an agreement Ministry of Economic Development Russia with the administration St. Petersburg construction on an automobile plant in the city (industrial zone of Shushary).

2002: Creation of Toyota Motor LLC for marketing and sales

In 2002, in connection with the dynamic development of the automotive market, it was decided to create a national marketing and sales company Toyota Motor LLC. On April 1, 2002, Toyota Motor LLC began its operation in Russia. Presidents of Toyota Motor LLC:

• 2004-2009 - Tomoaki Nishitani;
• since June 2009 - Takeshi Isogaya.

1998: Opening of a representative office in Moscow

In 1998, the company opened the Moscow representative office of Toyota Motor Corporation.

Notes