EE Impact

Toyota Motor Corporation

Japan · Automotive, Conglomerate, Finance & Payments

Also known as: Toyota

LeaveRussia detail: Scaling Back

Scaling back
Global 500Top 100

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.

Status last verified 03/08/2026Source checked 28/04/2026Company website ↗LeaveRussia profile ↗

Business in Russia

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. Russian media wrote about some kind of meeting, where they discussed the company's prospects for operating in the Russian market and possible ways to resume cooperation. According to Russian sources, the participants of the event met in Dubai on February 9-12, 2025. They signed a non-disclosure agreement, but the key topic was the discussion of the conditions for returning if external circumstances change. Toyota Tsusho Corporation responded to rumors about the sale of new cars in Russia. It turned out that the information was not true, the manufacturer denied it, RIA Novosti reports. "To date, there are no plans (to resume sales of new Toyota cars in Russia)," the company added, responding to an agency request sent after information about allegedly resumed Toyota sales in the country began to appear in the Russian information field. The fact that Toyota is secretly discussing with its former dealers a possible return to Russia became known to journalists in early March. This process can take at least two to three years.

Decision trail

Decision date 30/05/2025 · Reference ↗

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. The dealer holding SP Business Car (94% of the company belongs to Toyota Motor) is again selling new cars of the Japanese brand. This follows from the announcements of the Moscow car dealership. Revenue stabilized in 2024 vs 2023. Toyota held a secret meeting with Russian dealers. Toyota and Mitsubishi have registered new trademarks in Russia for 10 years, preserving rights to a range of model and sub-brand names despite their suspended operations.

Local stats (LeaveRussia)

Assets(RF), mln.USD
973
Capital(RF), mln.USD
477
Car Dealerships
168
Glob.Revenue, mln.USD
311084
Revenue(RF), mln.USD
330
Staff(RF), 2021
4201
Taxes(RF), mln.USD
20

Status history since 2022

  1. 03/08/2026 scaling back · Imported from KSE LeaveRussia

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