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Toyota Kirloskar Motor

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Toyota Kirloskar Motor Pvt Ltd
Company typeJoint venture
IndustryAutomotive
Founded6 October 1997
HeadquartersBangalore, Karnataka
Key people
Mr. Akito Tachibana
Managing Director
Mr. Vikram S. Kirloskar
Vice Chairman
ProductsAutomobiles
Number of employees
7000[1]
ParentToyota Motor Corporation, Kirloskar Group
SubsidiariesToyota Kirloskar Auto Parts Private Limited
Websitewww.toyotabharat.com

Toyota Kirloskar Motor Pvt Ltd is a subsidiary of Toyota Motor Corporation of Japan[2][3] (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".[3]

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.[4]

History

Toyota Motor Corporation entered India in 1997 in a joint venture with the Kirloskar Group.[5]

Manufacturing facilities

TKMPL's current plant at Bidadi, Karnataka is spread across 432 acres and has a capacity of 110,000 vehicles per annum.[6] 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[7] 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.[8] 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.[9] Toyota Kirloskar Motors would launch its motor racing series in 3 cities in India next year.[10]

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.[11][12][13][14] Toyota Kirloskar Motor announced on 21 March 2014 to lift the lockout at the plants effective from March 24, 2014 with subject to an acceptance of a service condition which requires all the employees signing an undertaking on good conduct.[15][16] On 22 April 2014, employees called off the strike after 36 days of standoff and resumed full operations.[17]

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 will compete in the main championship to be held in the later half of 2013. The cars are prepared by Red Rooster performance based in bangalore, and designed by TRD(Toyota Racing Development). With stock engines producing almost 100 bhp, the cars are 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

Manufactured/assembled locally

  1. Toyota Corolla Altis (Launched 2003)
  2. Toyota Etios (Launched 2010)
  3. Toyota Etios Cross (Launched 2014)
  4. Toyota Etios Liva (Launched 2011)
  5. Toyota Fortuner (Launched 2009)
  6. Toyota Innova Crysta (Launched 2016)

Toyota will release its subcompact sedan Vios in 2017.

Imported

  1. Toyota Land Cruiser (Launched 2009)
  2. Toyota Land Cruiser Prado (Launched 2004)
  3. Toyota Camry Hybrid (Launched 2008)

Discontinued

  1. Toyota Qualis (2000-2005)
  2. Toyota Innova (2005-2016)
  3. Toyota Prius

Sales and service network

As of April 2011, it has more than 205 dealerships in 98 cities across 22 states and 3 union territories of India.[18]

Sales performance

TKMPL sold 74,759 vehicles in India in the year 2010 registering a growth rate of 38% compared to 2009 sales.[19]

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. ^ a b "Toyota in India". Toyota Kirloskar. Retrieved 14 May 2013.
  4. ^ "Toyota Kirloskar plans to enter healthcare sector". 7 June 2012.
  5. ^ Toyota Kirloskar Motor Ltd., Toyota Kirloskar Motors, Toyota Qualis, Toyota Innova, Toyota Corolla, Toyota Camry, Toyota Plado
  6. ^ http://www.toyotabharat.com/inen/news/PR_March_etios_2011.asp
  7. ^ http://www.toyotabharat.com/inen/news/PR_March_Production_2011.asp
  8. ^ "Toyota to hike product prices". 1 June 2012.
  9. ^ "Toyota Etios and Liva production to be hiked by 75%". 31 May 2012.
  10. ^ "Toyota to launch motor racing series next year in India". 2 June 2012.
  11. ^ "Toyota shuts 2 India plants in lockout over wages". Hindustan Times. 17 March 2014.
  12. ^ "Toyota Kirloskar declares lock-out". The Hindu. 16 March 2014.
  13. ^ "Toyota Kirloskar Motor declares lockout at Bidadi over labour woes". The Economic Times. 16 March 2014.
  14. ^ "Toyota declares lockout at its Bidadi facility". Times of India. 16 March 2014.
  15. ^ "Toyota agrees to lift lockout at its Bangalore units". Times of India. 21 March 2014.
  16. ^ "Toyota crisis resolved, company lifts lockout". The Hindu. 21 March 2014.
  17. ^ "Toyota plant in Bangalore resumes operations as workers return". IANS. news.biharprabha.com. Retrieved 23 April 2014.
  18. ^ http://toyotabharat.com/inen/forms/dealer.asp
  19. ^ Toyota Kirloskar Motor’s records 38% growth in sales in the year 2010
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