Posted on June 28 2019
Management of Toyota Kirloskar Motor [TKM] and its Employee Union Sign Wage Settlement for FY 2018-20
Bangalore, 28th June 2019: Management of Toyota Kirloskar Motor Pvt. Ltd. and its Employees’ Union have signed the wage settlement for the period of FY 2018-20 after prolonged negotiations. Both, the Management team lead by Mr. Shankara G, General Manager Employee Relations and the President of the Employees’ Union Mr. Prasanna Kumar CS shared their happiness on the smooth wage settlement and ensuring Industrial peace and harmony during the negotiation period, considering interest of Company as a whole.
Sharing his thoughts, Mr. Prasanna Kumar CS, President of the Employees’ Union thanked the Management for the settlement and said, “The Union is committed to always work for the betterment of the Company and its employees.”
Mr. Shankara G, General Manager, Employees Relations, said, “In spite of the severe business challenges that the Automobile Industry is facing, keeping in view the betterment of the employees, TKM has always tried to do its best for the employees, and, we urge all our employees to strive towards sustaining and continuously improving the company’s competitiveness.”
| Company name | Toyota Kirloskar Motor Private Limited |
| Equity participation | TMC: 89%, Kirloskar Systems Limited (Mr. Vikram S. Kirloskar): 11% |
| Number of employees | Approx. 6,500 |
| Land area | Aprox. 432 acres (approx.1,700,000 m2) |
| Building area | 74,000 m2 |
| Total Installed Production capacity | Upto 3,10,000 units |
| Established | October 1997 (start of production: December 1999) |
| Location | Bidadi |
| Products | Innova, Fortuner manufactured in India. Prado, Land Cruiser and Prius imported as CBUs. |
| Installed Production capacity | Upto 1,00,000 units |
| Start of Production | December 2010 |
| Location | On the site of Toyota Kirloskar Motor Private Limited, Bidadi |
| Products | Corolla Altis, Etios, Etios Liva, Etios Cross, Camry & Camry Hybrid |
| Installed Production capacity | Upto 2,10,000 units |
| Toyota Kirloskar Motor Pvt. Ltd. | Creation |
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Vinod Abraham Mobile : +91-97409-00854 Email : VinodAbraham@toyota-kirloskar.co.in |
Akash Thakur Mobile : +91-77601-18507 Email : akash.thakur@creation.io |