Clean Break: the company completely halting Russian engagements or exiting Russia

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Toyota is a Japanese multinational automotive manufacturer headquartered in Toyota City, Aichi, Japan. Toyota is one of the largest automobile manufacturers in the world, producing about 10 million vehicles per year.

 
 
 
 
 

Clean Break: the company completely halting Russian engagements or exiting Russia

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Automotive
Conglomerate
Finance & Payments

Global 500, is an annual ranking of the top 500 corporations worldwide

Global 500

Top 100 largest companies in Russia by revenue

Top 100
Revenue(RF), mln.USD
346
Assets(RF), mln.USD
1099
Capital(RF), mln.USD
486
Car Dealerships
168
Glob.Revenue, mln.USD
311084
Staff(RF), 2021
4201
Taxes(RF), mln.USD
20

Toyota Motor Manufacturing Russia (TMMR) is one of Toyota's vehicle production bases in Europe. It is located in Shushary, Saint Petersburg, Russia, and has been manufacturing the Camry (since 2007) and the RAV4 (since 2016). The Toyota plant in St. Petersburg was transferred to the subordinated Ministry of Industry and Trade FSUE "NAMI". Toyota plant in St. Petersburg was sold to FSUE NAMI without the right to buy back.

The Company Statement
March 31, 2023

Initially stopped production at its St. Petersburg plant and stopped imports of vehicles; no statement about retail operations and services inside Russia. 23.09.2022: Toyota Motor decided to close its factory in Russia. But at the end of 2022 the Toyota concern was the first automaker to resume direct deliveries of spare parts to Russia. "We are talking about details that did not fall under the sanctions". Also, the Russian daughter of Toyota Motor (the official supplier of products in the Russian Federation) allowed its dealers to parallel import spare parts that are subject to restrictions, such as electronics. 07.2023: FEDERAL STATE UNITARY ENTERPRISE "CENTRAL ORDER OF LABOR RED BANNER SCIENTIFIC RESEARCH AUTOMOBILE AND AUTOMOTORNY INSTITUTE "NAMI" becomes the new founder of the organization. The record about the founder of JSC "TOYOTA TSUSE CORPORATION" has been deleted. The record about the founder of JOINT-STOCK COMPANY "TOYOTA BOSHOKU YUROP" was deleted. Toyota plant in St. Petersburg transferred to Aurus. Significantly (4x! times) decreased revenue in 2023 vs 2022.

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Statements Archive
July 24, 2024Russia bans entry of 13 Japan business leaders, including Toyota, Rakuten chiefs over sanctions - Japan Today
July 24, 2024Toyota chairman and 12 other Japanese executives banned from entering Russia
May 07, 2024Toyota plant in St. Petersburg transferred to Aurus
December 12, 2023Delivery times for auto parts to Russia have increased to one and a half years due to sanctions
October 05, 2023Japan Halts Used Car Shipments to Russia
June 13, 2023Manturov: Toyota plant in St. Petersburg was sold to FSUE NAMI without the right to buy back
June 13, 2023Toyota plant in St. Petersburg sold without buyback option
June 08, 2023FSUE NAMI will sell the former Toyota plant in Russia to Almaz-Antey
April 16, 2023Toyota will be loaded with tractors: Almaz-Antey is going to produce civilian trucks in St. Petersburg
March 31, 2023The Toyota plant in St. Petersburg was transferred to the subordinated Ministry of Industry and Trade FSUE "NAMI"
March 16, 2023Toyota may transfer the plant in St. Petersburg to NAMI
March 16, 2023The most reliable Toyota Land Cruiser 300 arrived in Russia - with a naturally aspirated 4.0-liter V6 engine. How much are they asking for it?
January 20, 2023Return of the Shrews: Toyota was the first to resume deliveries of spare parts to Russia. Why the company decided to take this step and what details are involved
November 23, 2022Toyota closes plant in Russia and lays off employees
September 30, 2022Toyota Ends Russian Manufacturing
September 23, 2022Toyota Motor to close its factory in Russia
September 23, 2022Toyota stops production in the Russian Federation, but does not leave the market
May 02, 2022Toyota suspends production and deliveries to Russia
March 03, 2022Toyota statement on Russian local manufacturing and vehicle imports
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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