Jul. 27, 2011
Toyota in India to Further Expand Production Capacity
Toyota City, Japan, July 27, 2011―Toyota Motor Corporation (TMC) announces that its production and sales subsidiary in India, Toyota Kirloskar Motor Private, Ltd. (TKM), plans to further increase annual production capacity to meet the rapid growth of India's automobile market. The expansion will come with an additional 17.2 billion yen investment and the hiring of new employees.
Today's announcement sees capacity expanded to 310,000 units in 2013, up from a previously announced 210,000 units by the first half of 2012. Current capacity is 160,000 units. The further expansion will enable timely delivery of the "Innova", "Fortuner" and the made-for-India "Etios"* sedan and "Etios Liva"* hatchback.
Separately, the Toyota Technical Training Institute, established in 2007 by TKM to support local human resource development, is to see the approximately 60 students of its second class graduate at the end of this month and begin working at TKM.
As part of its sustainable growth strategy, TMC will continue its efforts to support the development of the automobile industry by increasing local production and creating new jobs in emerging markets such as India in accordance with its founding philosophy of contributing to society through manufacturing automobiles.
Today's announcement sees capacity expanded to 310,000 units in 2013, up from a previously announced 210,000 units by the first half of 2012. Current capacity is 160,000 units. The further expansion will enable timely delivery of the "Innova", "Fortuner" and the made-for-India "Etios"* sedan and "Etios Liva"* hatchback.
Separately, the Toyota Technical Training Institute, established in 2007 by TKM to support local human resource development, is to see the approximately 60 students of its second class graduate at the end of this month and begin working at TKM.
As part of its sustainable growth strategy, TMC will continue its efforts to support the development of the automobile industry by increasing local production and creating new jobs in emerging markets such as India in accordance with its founding philosophy of contributing to society through manufacturing automobiles.
Overview of Toyota Kirloskar Motor Private, Ltd.
President |
Hiroshi Nakagawa |
Establishment |
October 6, 1997 (start of production: December 1999) |
Location |
Suburb of Bangalore, Karnataka State |
Lineup |
Local: Innova, Fortuner, Corolla, Etios and Etios Liva. Imported CBU: Camry, Prado, Prius and Land Cruiser 200. |
Capital |
Approx. 7.0 billion rupees |
Equity participation |
TMC: 89%, Kirloskar Group: 11% |
Employees |
Approx. 5,400 (as of June 30, 2011) |
TKM Production Structure
July 2011 |
First half of 2012 |
Early 2013 |
||
First Plant |
Annual production capacity (units) |
80,000 |
90,000 |
100,000 |
Lineup |
Innova, Fortuner and Corolla |
Innova and Fortuner |
Innova and Fortuner |
|
Second Plant |
Annual production capacity (units) |
80,000 |
120,000 |
210,000 |
Lineup |
Etios and Etios Liva |
Etios, Etios Liva and Corolla |
Etios, Etios Liva and Corolla |
|
Production total |
160,000* |
210,000 |
310,000 |
|
Investment |
-- |
4.9 billion yen |
17.2 billion yen |
|
| *150,000 until the end of June 2011; Second Plant capacity increased from 70,000 to 80,000 in July. | ||||
*A compact car newly developed specifically for the Indian market. The Etios (sedan) was launched in December 2010 and the Etios Liva (hatchback) was launched in June 2011.
