Toyota Kirloskar Motor

Toyota Kirloskar Motor Pvt Ltd is a subsidiary of Toyota Motor Corporation of Japan[2][3] with Kirloskar Group, for the manufacture and sales of Toyota cars in India. It is currently the fourth largest car maker in India after Maruti Suzuki, Hyundai and Mahindra.

Toyota Kirloskar Motor Pvt Ltd
TypeJoint venture
IndustryAutomotive
Founded6 October 1997 (1997-10-06)
HeadquartersBidadi, Bangalore, Karnataka
Key people
Mr. Masakazu yoshimura
Managing Director
Shekar ViswanathanVice Chairman
ProductsAutomobiles
Production output
142,500 units (2016)
OwnerToyota Motor Corporation (89%)
Kirloskar Group (11%)
Number of employees
7,000[1]
Websitewww.toyotabharat.com

History

Toyota Motor Corporation entered India in 1997 in a joint venture with the Kirloskar Group. Toyota Motor Corporation (TMC) holds 89% of the share and the remaining 11% is owned by Kirloskar Group.[4]

Manufacturing facilities

TKMPL's current plant at Bidadi, Karnataka is spread across 850 acres and has a capacity of 110,000 vehicles per annum.[5] TKMPL's second manufacturing plant on the outskirts of Bangalore, Karnataka has a capacity of 210,000 vehicles per annum. Total production capacity is 320,000 vehicles per annum. On 16 March 2011, it announced that it was increasing production to 210,000 vehicles per annum[6] due to increase in demand for its models especially the Etios and Fortuner.

With effect from 1 June 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.[7] 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.[8] Toyota Kirloskar Motors would launch its motor racing series in 3 cities in India next year.[9]

Industrial relations

On 16 March 2014, Toyota Kirloskar Motor temporarily suspended the production at two of its assembly plants in Bidadi, Karnataka whose production capacity was 310,000 units annually and has employee strength of 6,400. Cause for the shutdown was failure to reach an agreement with the union over the issue of wages, deliberate stoppages of the production line by certain sections of the employees and abusing & threatening of supervisors thereby disrupting the production for the past 25 days.[10][11][12][13] Toyota Kirloskar Motor announced on 21 March 2014 to lift the lockout at the plants effective from 24 March 2014 with subject to an acceptance of a service condition which requires all the employees signing an undertaking on good conduct.[14][15] On 22 April 2014, employees called off the strike after 36 days of standoff and resumed full operations.[16]

Etios motor racing

Toyota India started a One make racing series in India with the Etios car called the 'Etios Motor Racing Series'. The series started in 2012, it witnessed an overwhelming response from the Indian youngsters, with 3300 applicants. They held 2 rounds of exhibition races in 2012, one at a purpose built race track in Chennai called the Sriperumbudur race track and other in the form of ROC (Race of champions) in Gurgaon. The 25 selected drivers then competed in the main championship held in the later half of 2013. The cars were prepared by Red Rooster Performance (based in Bangalore), and designed by TRD (Toyota Racing Development). With stock engines producing almost 100 bhp, the cars were a good platform for youngsters to step from karting to touring cars. Also the relatively cheaper budget of just $3216 for the entire series which includes an entire OMP racing kit makes it one of the best one-make series to compete in.

Models

Toyota Camry Hybrid
Toyota Corolla Altis
Toyota Fortuner
Toyota Innova Crysta

Toyota

Lexus

Manufactured by Maruti Suzuki

Imported

Former models

Sales and service network

As of April 2019, it has more than 350 dealerships in 225 cities across India.[17]

Sales performance

TKMPL sold 74,759 vehicles in India in the year 2010 registering a growth rate of 38% compared to 2009 sales.[18]

See also

References

  1. "Toyota Kirloskar Motor steps up for the challenge to curtail carbon footprint in the city" (Press release). India: Toyota. 7 July 2016. Retrieved 9 April 2017.
  2. "Careers". Toyota Kirloskar. Retrieved 14 May 2013.
  3. "Toyota in India". Toyota Kirloskar. Retrieved 14 May 2013.
  4. Toyota Kirloskar Motor Ltd., Toyota Kirloskar Motors, Toyota Qualis, Toyota Innova, Toyota Corolla, Toyota Camry, Toyota Plado
  5. "Archived copy". Archived from the original on 17 March 2011. Retrieved 23 April 2011.CS1 maint: archived copy as title (link)
  6. "Archived copy". Archived from the original on 27 April 2011. Retrieved 22 July 2012.CS1 maint: archived copy as title (link)
  7. "Toyota to hike product prices". 1 June 2012.
  8. "Toyota Etios and Liva production to be hiked by 75%". 31 May 2012.
  9. "Toyota to launch motor racing series next year in India". 2 June 2012.
  10. "Toyota shuts 2 India plants in lockout over wages". Hindustan Times. 17 March 2014.
  11. "Toyota Kirloskar declares lock-out". The Hindu. 16 March 2014.
  12. "Toyota Kirloskar Motor declares lockout at Bidadi over labour woes". The Economic Times. 16 March 2014.
  13. "Toyota declares lockout at its Bidadi facility". Times of India. 16 March 2014.
  14. "Toyota agrees to lift lockout at its Bangalore units". Times of India. 21 March 2014.
  15. "Toyota crisis resolved, company lifts lockout". The Hindu. 21 March 2014.
  16. "Toyota plant in Bangalore resumes operations as workers return". IANS. news.biharprabha.com. Retrieved 23 April 2014.
  17. "Archived copy". Archived from the original on 9 January 2011. Retrieved 12 January 2011.CS1 maint: archived copy as title (link)
  18. Toyota Kirloskar Motor’s records 38% growth in sales in the year 2010 Archived 12 January 2011 at the Wayback Machine
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.