Posted on December 01 2023

Bengaluru, December 01st 2023 : Toyota Motor Corporation (TMC) today announced a significant regional restructuring, reemphasizing the pivotal role of India in the company's global strategy. Currently, as a part of the Asia Region, the Indian market already enjoys high priority. With this change, India will now play an even more crucial role by being integrated into the Middle East, East Asia & Oceania Region and acting as the hub of the new “India, Middle East, East Asia & Oceania Region” starting January 1, 2024.

Toyota Motor Corporation announces Regional Level restructuring with India poised to play a vital role
Toyota Motor Corporation announces Regional Level restructuring with India poised to play a vital role

The new reorganization, which underlines the growing significance of India in Toyota's global business landscape, reflects the increasing potential of the market upheld by its dynamic and skilled workforce.

As part of this development, Mr. Masakazu Yoshimura, MD and CEO of Toyota Kirloskar Motor (TKM) will concurrently be the Regional CEO. Appointed as MD and CEO of TKM in 2019, Mr. Yoshimura, having worked in countries such as Japan, China and South Africa, brings close to 30 years of rich automobile experience covering diverse fields such as Product Planning, Pricing, Sales & Marketing, etc. During his tenure, TKM has successfully launched several world-class products including the Urban Cruiser Hyryder, the Innova Hycross, both with Hybrid Electric Vehicle variants and the Hilux.

Celebrating 25 years of operations in the country, Toyota Kirloskar Motor (TKM) has announced a series of priority investments marking a substantial stride towards establishing India as a global hub for the manufacturing of clean and green technologies. On November 21, 2023 the company announced fresh investments of INR 3,300 crores involving setting-up of a new plant by 2026, thus adding to capacity thereby resulting in a substantial boost to the local manufacturing eco-system, along with ushering new technologies to create “mobility for all. The new plant is expected to ramp-up production capacity by 1,00,000 units, annually, and generate around 2000 numbers of additional employment.

Last year, in 2022, Toyota Group of companies, that included Toyota Kirloskar Motor and Toyota Kirloskar Auto Parts (TKAP), had also announced a Memorandum of Understanding (MOU) with the Government of Karnataka to invest INR 4,100 crores, aimed at making deeper cuts in CO2 emissions and enhance electrification and accelerate the shift towards greener technologies.

Overview of TKM:
Equity participation Toyota Motor Corporation (Japan) : 89%, Kirloskar Systems Limited (India) : 11%
Number of employees Approx. 6,000
Land area Approx. 432 acres (approx.1,700,000 m2)
Building area 74,000 m2
Total Installed Production capacity Up to 3,42,000 units
Overview of TKM 1st Plant:
Established October 1997 (start of production: December 1999)
Location Bidadi
Products Innova HyCross, Innova Crysta , Fortuner, Legender manufactured in India.
Installed Production capacity Up to 1,32,000 units
Overview of TKM 2nd Plant:
Start of Production December 2010
Location On the site of Toyota Kirloskar Motor Private Limited, Bidadi
Products Camry Hybrid, Urban Cruiser Hyryder, Hilux
Installed Production capacity Up to 2,10,000 units

*Other Toyota Models: Glanza, Rumion

**Imported as CBU: Vellfire, LC 300


For Any Further Queries, Please Contact:
Toyota Kirloskar Motor Pvt. Ltd. Current Global
Kaveri Mandanna
Email : kaveriamma_mm@toyota-kirloskar.co.in
Shakuntala Datta
Mobile : +91-98456 11219
Email : SDatta@webershandwick.com