On Wednesday, Automaker <keyword id="19967765" type="General" weightage="100" keywordseo="Toyota-Kirloskar-Motor" source="keywords" meta.keywordsubtype="org" meta.entityname="Toyota Kirloskar Motor" meta.hostid="261" meta.entityid="Toyota Kirloskar Motor">Toyota Kirloskar Motor</keyword> (<keyword id="20329951" type="General" weightage="20" keywordseo="TKM" source="keywords">TKM</keyword>) said it will set up a new <keyword id="20110254" type="General" weightage="20" keywordseo="manufacturing-plant" source="keywords">manufacturing plant</keyword> in <keyword id="19897316" type="General" weightage="20" keywordseo="Maharashtra" source="keywords">Maharashtra</keyword> at an investment of around Rs 20,000 crore. The company has inked a Memorandum of Understanding (<keyword id="19914814" type="General" weightage="20" keywordseo="MoU" source="keywords">MoU</keyword>) with the Maharashtra government to examine the setting up of a <keyword id="19916476" type="General" weightage="20" keywordseo="greenfield" source="keywords">greenfield</keyword> manufacturing facility at Chhatrapati Sambhaji Nagar, <keyword id="19906788" type="General" weightage="20" keywordseo="Toyota" source="keywords">Toyota</keyword> Kirloskar Motor said in a statement. Headquartered in Karnataka, TKM already has two manufacturing units located at Bidadi near Bengaluru. In Karnataka, the automaker, including its group companies, has invested more than Rs 16,000 crore and created close to 86,000 jobs in the entire value chain, it said. Toyota's cumulative export contributions also stand at around Rs 32,000 crore thus representing the company's export focus, it added. "Today's MoU signing marks a pivotal point as we stride into the next phase of growth in the country enabling us to contribute to enriching lives with qualitative mobility solutions, locally and globally," TKM Managing Director and Chief Executive Officer <keyword id="22615232" type="General" weightage="20" keywordseo="masakazu-yoshimura" source="keywords">Masakazu Yoshimura</keyword> said. The proposed investment, once finalised, is expected to be made over a multi-year period, potentially contributing to substantial job creation and economic growth in the region. In a social media post on X, Maharashtra Deputy Chief Minister <keyword id="19973446" type="General" weightage="20" keywordseo="devendra-fadnavis" source="keywords">Devendra Fadnavis</keyword> shared the investment figure of Rs 20,000 crore for the plant. "Transforming Maharashtra, Developing Marathwada! Reaffirming its commitment to India; Toyota Kirloskar Motors is set to launch a Green Field Manufacturing Facility in Maharashtra!" he posted. TKM currently has an installed production capacity of 3.42 lakh vehicles at its two Bidadi-based units.

Toyota to set up manufacturing plant in Maharashtra; likely to invest Rs 20,000 crore

New Delhi, Apr 16 () Toyota Kirloskar Motor (TKM) on Thursday said it has come up with a manual of standard operating procedures (SOPs) for industries to follow post the withdrawal of nationwide lockdown in the country. The maker of Innova and Fortuner said that with possibility of manufacturing operations commencing from April 20, it has devised a comprehensive 'restart manual' as a guide for industries to follow post the withdrawal of the nationwide lockdown. With an intent to support the manufacturing sector, TKM management had put together a team of cross functional experts to go into the minutest details of various operations and create an SOP that would ensure the safest possible restart to manufacturing by securing the workers from any health hazards, the company said in a statement. This manual is in consonance with the broad government guidelines that have been issued and will be used by TKM, its suppliers and has also been shared as a reference document with all Automotive Component Manufacturers Association of India (ACMA) members, it added. The company also intends to share it with wider segment of industry through industry association platforms like CII, TKM said. "We need to safeguard business continuity and economic recovery as well by ensuring 'safety and health first' approach. In this perspective, this 'restart manual' is prepared not only for our use but also for the benefit of government, industries and stakeholders," TKM Managing Director Masakazu Yoshimura said. Post Covid-19, the industry will witness a new normal and change will be inevitable, he added. "We need to stop jobs that do not fit the needs, change procedures or the way we work and continue to navigate in these turbulent times," Yoshimura noted. Appreciating the manual, the Automotive Component Manufacturers Association (ACMA) President Deepak Jain said the safety measures to be adopted at each function are indeed very well described and explained through appropriate graphics. "We are confident that this manual would be of immense value to all ACMA members in ensuring that we have a safe, secure and sustainable restart post the lockdown," he added. MSS ANSANS

Toyota Kirloskar comes up with manual for resumption of industry operations post lockdown

New Delhi, Dec 10 () Toyota Kirloskar Motor (TKM) on Tuesday announced organisational changes, with N Raja taking over as the managing director of the company's financial services arm with effect from January 2020.
 Raja, who is currently deputy managing director for sales and marketing functions at TKM, takes over as the managing director of Toyota Financial Services India.
 The company has also elevated Raju B Ketkale as the deputy managing director, covering manufacturing as a function.
 Ketkale was previously senior vice-president and director at TKM, handling product design &amp; development and quality assurance.
 Besides, the company said it has promoted Naveen Soni as senior vice-president of the sales and customer service functions. Soni, who has been in the company for close to two decades, was previously vice-president of external affairs, corporate social responsibility and public relations.
 Vikram Gulati, who is the country head and vice-president of external affairs, has now been promoted as senior vice-president and will take charge of external affairs, corporate social responsibility and public relations.
 "In our efforts to achieve sustainable growth and enhance competitiveness, we are excited to announce the key structural changes within the company to strengthen operations and enhance focus on the growth of our workforce and the company," TKM Managing Director Masakazu Yoshimura said.
 The changes so announced will boost the alignment of resources to achieve greater optimisation and improve efficiencies throughout operations, he added. MSS HRS

Toyota elevates N Raja as head of financial arm in India

New Delhi, Jan 30 () Japanese car maker Toyota's luxury vehicle arm Lexus on Friday said it has commenced local assembly of cars in India.
 The company said it has commenced assembly of BS VI compliant ES 300h luxury sedan at its Bengaluru-based plant with deliveries expected to begin in February.
 The ES 300h Exquisite is priced at Rs 51.9 lakh, while ES 300h Luxury trim is tagged at Rs 56.95 lakh (ex-showroom).
 The company also launched two more products -- all new LC 500h coupe priced at Rs 1.96 crore and three variants of NX 300h F Sport tagged at Rs 54.9 lakh, Rs 59.9 lakh and Rs 60.6 lakh, respectively.
 Commenting on commencing local manufacturing in India, Lexus India Chairman Masakazu Yoshimura said the initiative is significant for the company and for its presence in the country.
 "Today's announcement represents our strong commitment to not just delivering an exceptional product and experience for our guests here, but sustainably enhancing our business for greater contribution to the economy and industry in India," he added.
 The company continues to import most of its products into the Indian market as completely built up (CBU) units.
 Lexus India President PB Venugopal said the launch of three products showcases company's dedication to bringing an amazing range of cars to customers in India.
 When asked if the company would look at assembling more models in India, he said the company keeps on evaluating on such issues.
 Lexus India also announced the launch of four new guest experience centres in Chandigarh, Chennai, Kochi and Hyderabad.
 The company already has such centres in Delhi, Mumbai and Bengaluru. MSS SHW
SHW

Lexus commences local production;rolls out first Made in India ES 300h sedan at Rs 51.9 lakh

New Delhi, Feb 26 () Toyota Kirloskar Motor (TKM) on Wednesday launched self-charging hybrid electric luxury multi-purpose vehicle Vellfire in the country priced at Rs 79.5 lakh (ex-showroom). Equipped with a 2.5 litre gasoline hybrid engine coupled with two electric motors and a hybrid battery, the model churns out a power of 115 BHP. The seven-seater model comes with various luxury features like lounge seats in second row, leather upholstery, three zone AC, one-touch power side doors, twin sunroofs among others. The company claimed a fuel efficiency of 16.35 km/litre for the new model. "The automotive industry in India is undergoing a profound technology-driven transformation with innovation and creativity defining the overall customer experience. As industry leaders, it is imperative for us to challenge ourselves and provide customers with new breakthroughs that not only promises magnificence and comfort, but also contributes to the well-being of the ecosystem," TKM Vice Chairman Vikram Kirloskar said in a statement. The company has environmentally sustainable solutions at the heart of all its business operations and every single vehicle that is manufactured in the plant, he added. Commenting on the launch, TKM Managing Director Masakazu Yoshimura said the company globally has a caravan of luxury offerings, and the launch of Vellfire in India marks a significant moment in the company's journey. "The Vellfire is an icon of ultimate luxury whilst envisaging a greener future. Today's announcement is a significant step in our mid-to-long-term plan to achieve Zero CO2 challenge. We will continue to work for mass electrification thus moving towards the goal of sustainable mobility," he added. The new model comes with seven airbags, vehicle dynamics integrated management (VDIM), emergency brake signal, hill-start assist control (HAC) and vehicle stability control (VSC). It also comes with electronic AWD (all wheel drive) function. "Our new offering truly encapsulates Toyota's class defining technology, comfort, elegance and sustainability and it gives us immense pleasure to bring such a renowned vehicle to India," TKM Senior Vice President Naveen Soni said. The first three months of shipment of the model has been sold out, he added. MSS SHWSHW

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Toyota to set up manufacturing plant in Maharashtra; likely to invest Rs 20,000 crore

PTI

Toyota Kirloskar comes up with manual for resumption of industry operations post lockdown

PTI

Toyota elevates N Raja as head of financial arm in India

PTI

Lexus commences local production;rolls out first Made in India ES 300h sedan at Rs 51.9 lakh

PTI

Toyota drives in seven seater luxury MPV Vellfire at Rs 79.5 lakh

PTI