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In June 2022, Kubota increased its stake to 44.80% following an open offer and subscription to new shares, and the company was renamed as Escorts Kubota Limited. [9] Kubota's stake increased to 53.50% after the cancellation of all shares held by Escorts Benefit and Welfare Trust in the company.
The first generation XP10 series Vitz was designed by Sotiris Kovos [9] at Toyota's ED2 studio in Europe. [10] It was first unveiled at the 1998 Paris Motor Show.Production began in late 1998, [11] with a Japanese on-sale date of January 1999; European sales commenced two months later as the "Toyota Yaris". [9]
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