Toyota Repair Problems? Ask a Mechanic for Answers ASAP
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Yes that does sound like the low tire light. The spare also has a sensor in it. With the colder temps we have been seeing lately it is a very common problem. Check the spare and set the tire pressure in all 5 tires to 35psi.
It may take a minute for the light to go out after seting tire pressure.
If you have any more questions feel free to ask.