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Toyota Motor, another top sponsor, is also ending its sponsorship of the Olympics this year as its 10-year contract expires.
Many models of cars are going to be released soon. They include the new Verna, the Innova Crysta diesel, the Brezza CNG and the Fronx.
Toyota showrooms in India had started accepting bookings for Land Cruiser 300 in August last year for an amount of Rs 10 lakh.
The new vehicle has a front grill reminiscent of the Corolla Cross.
The Toyota Land Cruiser 300 is offered in two engine options. It has a 3.5-litre twin-turbo petrol V6 engine and a 3.3-litre diesel V6 engine. Both the engines have a 10-speed automatic gearbox. Toyota will offer only diesel engine in India.
The imported Toyota Mirai, costing Rs 1.81 crore, was registered without additional expenses since the State government had issued a notification exempting hydrogen-fuelled cars from taxes.
Sponsors are divided into four categories, with global sponsors, who usually have multi-year deals, at the top. The other three tiers are companies whose contracts are solely for the Tokyo Games.
The executive board did not immediately choose a successor for Mori, which CEO Toshiro Muto said would come “as soon as possible" and will be made by a review committee.
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