BANGALORE – With vehicle sales soaring over prior year, Toyota Motor Corp.’s Indian joint venture, Toyota Kirloskar Motor Ltd., is evolving in India’s upbeat market. Toyota’s partner, the Kirloskar group, appears to have sorted out its internal financial problems and has set a future course. In a reversal of its former strategy, Kirloskar now seeks to restore its share in the JV to the original 26%. Over time, Kirloskar has surrendered to Toyota nearly its entire stake, dropping to a ...

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