Toyota Kirloskar Motor Records One Millionth Car Sale in India

BENGALURU, India - March 10, 2014 - PRLog -- Toyota Kirloskar Motor Pvt. Ltd. (TKM) today recorded its one millionth vehicle sale through its authorized dealer, Nippon Toyota in Cochin. The one millionth car- a Toyota Etios was handed over to a customer during a ceremony held to celebrate the one millionth sale.

Addressing the occasion, Mr. N. Raja, Senior Vice President, TKM said, “The sale of Toyota’s one millionth car in India marks a very important milestone for us. Since its inception, Toyota has been present in the MPV/SUV segment in India and we have been market leaders ever since in these segments. It is only in 2011 that we forayed into the mass segment with the Etios & Liva and still have been able to realize this milestone in such a short duration.

As we achieve this significant landmark, I would like to thank our valuable customers, dealer partners, employees and suppliers for their support and commitment. We will continue to focus our efforts in bringing Toyota’s globally renowned QDR products to the Indian market”.

Since its establishment in India in 1997, Toyota has grown many folds. This growth has significantly been in the form of increased localization in our products, enhanced network of dealer & supplier partners, increased dealer outlets across India and a phased capacity expansion of up to 3, 10,000 units. This has helped Toyota Kirloskar Motor contribute significantly in creating job opportunities across India. A sustainable growth strategy along with social initiatives like Toyota Technical Training Institute (TTTI) has empowered TKM not only with the right products but also with the right minds to work on these products.  Most importantly, our growth can also be assessed by the strong base of happy customers that we have created in India. Toyota will continue to further expand with a focus on new markets for a sustainable network.

To further celebrate this landmark milestone, Toyota Kirloskar Motor has announced a special scheme for the month of March 2014 through which customers can choose from various exciting offers. Customers can either avail benefits of upto Rs. 40,000 or choose from attractive Finance Schemes (low rate of interest / 100% on road funding) through its subsidiary finance arm, Toyota Financial Services, India.

Overview of TKM:

Company name

Toyota Kirloskar Motor Private Limited

Equity participation

TMC: 89%, Kirloskar group: 11%

Number of employees

Approx. 6,400 +

Land area

Aprox. 432 acres (approx.1,700,000 m2)

Building area

74,000 m2

Total Installed Production capacity

Upto 3,10,000 units

Overview of TKM 1^st Plant

Established

October 1997 (start of production: December 1999)

Location

Suburb of Bangalore, Karnataka State

Products

Innova, Fortuner manufactured in India.

Prado, Land Cruiser and Prius imported as CBUs.

Installed Production capacity

Upto 1,00,000 units

Overview of TKM 2^nd Plant

Location

On the site of Toyota Kirloskar Motor Private Limited (on the outskirts of Bangalore, Karnataka State)

Products

Corolla Altis, Etios, Etios Liva, Camry, Camry Hybrid

Start of production

December 2010

Installed Production capacity

Upto 2,10,000 units

For any further information please contact:

Toyota Kirloskar Motor Pvt. Ltd.

BUZZ Communications Pvt. Ltd.

Ananya Bhattacharjee

Mobile : 0-7259017457

E-mail: ananya_bhattacharjee@toyota-kirloskar.co.in

Sarojini Ujlayan/ Devanshu Tandon

Mobile :  0- 9810006148 / 9873033915

Email :  sarojini@buzzcomm.in/devanshu@buzzcomm.in