Toyota Kirloskar Motor Private Limited
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| Joint venture | |
| Industry | Automotive |
| Founded | 6 October 1997 |
| Headquarters | Bangalore, Karnataka |
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Key people
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Mr. Akito Tachibana Managing Director Mr. Vikram S. Kirloskar Vice Chairman |
| Products | Automobiles |
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Number of employees
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4,975 |
| Parent | Toyota Motor Corporation, Kirloskar Group |
| Subsidiaries | Toyota Kirloskar Auto Parts Private Limited |
| Website | www.toyotabharat.com |
Toyota Kirloskar Motor Pvt Ltd is a subsidiary of Toyota Motor Corporation of Japan (with Kirloskar Group as a minority owner), for the manufacture and sales of Toyota cars in India. It is currently the 4th largest car maker in India after Maruti Suzuki, Hyundai, and Mahindra.
The company Toyota Kirloskar Motor Pvt Ltd (TKMPL) according to its mission statement aims to play a major role in the development of the automotive industry and the creation of employment opportunities, not only through its dealer network, but also through ancillary industries with a business philosophy of "Putting Customer First".
On June 7, 2012, Vice Chairman of the company revealed that the company is planning to enter the healthcare sector and its first hospital would open in Karnataka in May 2013.
Toyota Motor Corporation entered India in 1997 in a joint venture with the Kirloskar Group.
TKMPL's current plant at Bidadi, Karnataka is spread across 432 acres and has a capacity of 110,000 vehicles per annum.
TKMPL's second manufacturing plant on the outskirts of Bangalore, Karnataka has a capacity of 210,000 vehicles per annum. Both plants have a combined capacity of 320,000 vehicles per annum.
On 16 March 2011, it announced that it was increasing production to 210,000 vehicles per annum due to increase in demand for its models especially the Etios and Fortuner.
With effect from June 1, 2012, Toyota Kirloskar Motor will be increasing the prices of Etios diesel and Innova by 1 per cent and Fortuner and Etios Liva diesel by 0.5 per cent. The price hike is on account of the weakening of Rupee. Toyota announced that Etios sedan and the Liva hatchback has posted sales of over 100,000 units, hence Toyota is all set for giving its production a big boost.Toyota Kirloskar Motor (TKM) plans to hike the production capacity of its Etios series models by 75% by early 2013. Toyota Kirloskar Motors would launch its motor racing series in 3 cities in India next year.
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Wikipedia