Tag: Toyota Kirloskar Motor

News

Toyota Kirloskar Motor Sells 25,273 units in May 2024, Records 24% Growth

Jun 1, 2024 by Mansi Praharaj 0 Comments #Mr. Sabari Manohar, #TKM, #Toyota Kirloskar Motor

Bangalore, 01 June 2024: Underpinning its robust and steady performance, TKM reported monthly growth by registering sales of 25,273 units in the month of May’2024. This represents a Year-on-Year growth of 24% compared to May 2023, when the company sold 20,410 units. In the month of May, domestic sales reached 23,959 units, complemented by an additional 1,314 units exported. The company also posted a growth of 23% over the month of April’ 2024, which saw sales of 20,494 units.

Furthermore, this achievement also marks a notable 48% surge in the first five months of CY 2024, with total sales reaching 1,22,776 units, up from 82,763 units in the same period during the previous year.

Sales Performance:

Timeframe May – 2024 May – 2023 Growth
Y-o-Y 25,273 20,410 24%

Timeframe January –  May ‘24 January – May ‘23 Growth
CY 1,22,776 82,763 48%

Commenting on the strong performance, Mr. Sabari Manohar – Vice President, Sales-Service-Used Car Business, Toyota Kirloskar Motor said, “We continue to post double digit growth in the month of May’ 2024 by reporting 24% growth as compared to the previous year. Our unrelenting customer-centric approach has inspired us to stay ahead of the curve by understanding the diverse needs of our customers and offering a diverse array of products and services. We will continue to energize our customer-centricity by enhancing touchpoints and curating innovative value-added services aimed at creating delightful ownership experiences.

The newest addition to our robust SUV lineup, the All-New Urban Cruiser Taisor, reaffirms TKM’s commitment to meeting the dynamic demands of the market. We are extremely thrilled to announce that the wholesales and deliveries for the Taisor have commenced. The feedback from the customer have been overwhelming with demand coming from all parts of the country. Intended to uphold the rich Toyota SUV legacy, the All-New Urban Cruiser Taisor embodies a fusion of style, high performance, fuel economy, and a striking exterior design. It is available in three engine options 1.0L Turbo, 1.2L Petrol and E-CNG options. Additionally, the Taisor is backed by renowned Toyota’s value-added services, specially designed with Indian customers in mind. I take this opportunity to invite our valued customers to visit our showroom and experience the All-New Urban Cruiser Taisor.

Furthermore, the sustained enthusiasm shown by customers towards all our products and services underscores the success of our product strategy and our deep market connection. Our diversified portfolio consisting of multi pathway powertrains and designed to deliver enhanced value is at the forefront of our growth. Leading this charge are models such as the Innova Crysta, Innova Hycross, Fortuner, Legender, Urban Cruiser Hyryder, Hilux, and LC300. Additionally, the strong sales of the Camry Hybrid, Glanza, Vellfire, and Rumion have significantly contributed to our upward trajectory.”

News

Toyota Kirloskar Motor Honoured with ‘Commendation for Significant Achievement’, under its Corporate Social Responsibility, at the 18th CII-ITC Sustainability Awards

Mar 28, 2024 by Praveen 0 Comments #Bangalore, #Toyota Kirloskar Motor

Bangalore, 28 March 2024: Recently, Toyota Kirloskar Motor (TKM) was recognised for its best CSR (Corporate Social Responsibility) practices under the category ‘Commendation for Significant Achievement’ presented at the 18th CII-ITC Sustainability Awards. This is a testament to the company’s relentless social efforts and the robust framework for CSR governance and its successful implementation.

Toyota Kirloskar Motor Honoured with ‘Commendation for Significant Achievement’, under its Corporate Social Responsibility, at the 18th CII-ITC Sustainability Awards

For this award, the TKM CSR activities were evaluated by the CII-ITC assessors under the defined parameters that included Learning & Innovation adopted across all its CSR projects. The company’s social initiatives demonstrated strong alignment with these parameters. Furthermore, as a part of its CSR implementation process, TKM conducts periodic internal assessment overseen by a board-level CSR committee, to actively monitor and comprehensively measure the impacts, ensuring objectivity, credibility, and commitment to compliance. Over the years, the company has implemented diverse assessment tools and systems to evaluate its performance and bolster community enhancement and environmental stewardship through sustained initiatives.

Notably, TKM’s CSR strategy embodies a dual focus on “Empowering Communities” and “Enriching Environment”. Driven by innovation and guided by the principle of Kaizen (continuous improvement), TKM’s CSR projects are organized into six key pillars: Skill Development, Road Safety, Education, Environment, Health & Hygiene, and Disaster Management. Additionally, its sustainable CSR model emphasizes community ownership, unified interventions, behaviour change, and stakeholder engagement.

Sharing his thoughts, Mr. Vikram Gulati, Country Head and Executive Vice President for Corporate Affairs and Governance, TKM, said, “At TKM, we are honoured to receive the 18th CII-ITC Sustainability Award. We firmly believe in the strong connect and the inclusivity that lies between business growth and societal progress. With a keen eye on enduring interventions, we are focused on catalysing positive behavioural changes especially through our child to community approach. Our continuous efforts are to actively engage with communities, understand their unique needs, aspirations, and challenges and tailor well thought programs to address the specific issues faced by them with sustainability at the core.

TKM has been successful in attaining sustainability in CSR by incorporating long-term strategic planning, engaging stakeholders to collaborate & support, timely project executions, implementing effective monitoring and evaluation mechanisms to track the project progressions, thereby aid the absolute community necessities.

This award reaffirms Toyota’s commitment to driving positive change and making a meaningful difference in the lives of people and the community. So far, we have achieved an outreach of over 2.3 million beneficiaries through our various social interventions. As we continue to evolve and adapt, we remain committed to optimal resource allocation and gauging effectiveness of all our CSR projects to enable stronger and meaningful interventions for the societal development.”

Rooted in Toyota’s global vision, TKM’s CSR programs are dedicated to fostering a resilient and sustainable society.

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

News

Toyota Kirloskar Motor Commits to Significant Increase in Women Workforce

Mar 14, 2024 by Sujata Muguda 0 Comments #Bangalore, #Mr. G. Shankara, #Skill India Mission, #Toyota Kirloskar Motor, #Women Workforce

Bangalore, 14 March 2024: In alignment with its dedication to cultivating a more inclusive and dynamic workforce, Toyota Kirloskar Motor (TKM)  announced focused efforts to enhance gender diversity and Inclusion in its operations. Contributing to the larger goal of “Skill India Mission”, the company is also implementing a series of innovative initiatives aimed at not only enhancing the skillset of women but also empowering their holistic development.

1. TKM First Batch of Women Leaders

While celebrating International Women’s Day, TKM announced the induction of 124 female team members and 55 female leaders into its manufacturing operations. These skilled individuals will play an integral role in driving the company’s operations while exemplifying its commitment towards fostering a culture marked by diversity, equality, and inclusion.

Furthermore, TKM also organized skill contest for female members thus marking a significant new milestone. The contest encompassed a diverse array of skill categories, enabling participants to showcase their expertise across various manufacturing processes. A panel of industry experts from Toyota India evaluated participants based on criteria such as problem solving, creativity, and technical skill.

Commenting on this development, Mr. G. Shankara, Executive Vice President and Director for Finance and Administration said, “At TKM we are committed to contributing positively towards strengthening the Indian auto industry with a highly skilled, diverse, and globally competitive workforce. We believe that the vision of gender inclusivity extends beyond the organization’s borders, encompassing the entire value chain and society at large. We are thrilled to welcome our new female team members and leaders into the manufacturing line. This resonates with our core belief that diversity and inclusion are not seen just as a corporate responsibility but reflects TKM’s strong commitment towards developing rural talent into world-class competitive technicians. We believe that this approach will not only offer them enhanced opportunities in both domestic and international markets but also contribute to producing mass happiness in the society.”

TKM has also established a Business Reform Team on Diversity, Equity, and Inclusion (DEI) to spearhead these efforts. Following extensive benchmarking and leadership engagement, TKM has achieved significant progress thanks to the progressive and supportive measures by the State Government in facilitating the inclusion of women to work in shifts. Furthermore, these efforts are also well complemented by a comprehensive ecosystem assessment through an unconscious bias survey, leading to targeted sensitization programs.

As a strong step in the direction of supporting “Skill India Mission,” Toyota Kirloskar Motor (TKM) recently announced the expansion of its Toyota Technical Training Institute (TTTI) in Bidadi. As a part of this expansion, the company announced doubling its intake from 600 to 1200 students which included upto 600 female students, providing opportunities for students from economically challenging backgrounds and rural areas in Karnataka, with a steadfast focus on enhancing gender diversity as a pivotal component of its expansion.

Through TTTI, TKM will train female students in knowledge (16%), skill (34%) and body and mind (50%) from economically challenging background and rural areas. The infrastructure has been upgraded with improved residential facilities for female students, new classrooms, and updated equipment to enrich skill training. These enhancements are designed to support a comprehensive learning and development experience for TTTI students.

Going forward, TKM remains committed to support the professional development and advancement of women workforce through targeted initiatives and programs, ensuring that they have the resources and opportunities to thrive in their careers.

Business

Toyota Kirloskar Motor Reports Robust Performance Sells 21,879 Units in October 2023

Nov 2, 2023 by Sujata Muguda 0 Comments #Atul Sood, #Toyota Kirloskar Motor, #Toyota Kirloskar Motor (TKM)

Bangalore, November 02, 2023: Toyota Kirloskar Motor (TKM) today reported yet another month of strong performance with sales of 21,879 units indicating a sharp rise of 66% in comparison with October 2022, when the sales stood at 13,143 units. The company sold a total of 20,542 units in the domestic market and exported 1337 units.

The healthy growth pace for TKM has continued through the year. The company recorded a significant increase in terms of Calendar Year performance for the period January–October by selling 1,92,661 units as compared to 1,38,190 units sold during the same period last year, thus demonstrating a substantial 40% increase in 2023. Similarly, in the first 7 months of FY’23, TKM has accomplished an impressive sale of 1,45,818 units as compared to 1,04,986 units sold in FY’22 indicating a growth of 39% in 2023. Furthermore, the enhanced production capacity through three-shift operations has strongly enabled TKM to meet the ever-growing market demand.

Commenting on the sales momentum, Mr. Atul Sood, Vice President of Sales, and Strategic Marketing at Toyota Kirloskar Motor, said, “This year, the offtake of the festive season has been very strong for both TKM and well as the industry. In the month of October 2023, we reported our sales of 21,879 units which is mainly driven by the festive season push along with the strong market acceptance of the entire product line-up, resulting in higher volumes.

For us sustained growth has been coming from across every segment where Toyota has its presence. This upward pattern is resulting in TKM delivering consistent results with fresh bookings remaining strong. Further to models such as the Urban Cruiser Hyryder, Innova Hycross, and Hilux, the recent additions of the All-New Vellfire and the All-New Rumion, have contributed to the positive booking trend. TKM has maintained its segment leadership with models like the New Innova Crysta, Fortuner, and Legender. The Camry Hybrid and Glanza also continue to be significant contributors to the company’s overall success. To further offer greater value to customers this festive season, we also rolled out several attractive service benefits and exciting offers across our dealerships to further enhance customer delight.

This year marks TKM’s 25 years of remarkable journey in India, our efforts continue to be strongly focused towards providing greater customer convenience through the enhancement of the distribution network and improved accessibility to the entire product line-up thus reiterating our customer-centric approach and our constant efforts to get closer to our customers. Given strong market sentiments around Diwali, we remain confident of a very buoyant performance in the coming months as well.”

The month of October also witnessed another successful culmination of the ‘Great 4X4 Expedition by Toyota’, in the East region after having completed thrilling zonal 4X4 SUVs experiential drives in South, West, and North regions. This event served as an exceptional platform to highlight the remarkable capabilities and performance of our 4X4 SUVs, increasing their visibility and appeal.

In addition, the popularity of Toyota’s iconic Hilux also continues to soar as a tough, versatile, and reliable vehicle meant for varied travel requirements. Besides, already marking a significant milestone by joining the fleet at the Indian Army earlier this year, the Hilux was also a part of the Eastern Naval Fleet Drive ‘The Eastern Arc,’ organized by the Eastern Command of the Indian Navy covering 17 cities and spanning approximately 6000 kilometres over 12 days along the East Coast of India. Besides the Hilux, the formidable Fortuner was also a part of the rally that traverses the challenging terrains and rugged off-road routes across various remote locations through the diverse and vibrant landscapes of India’s eastern region.