Toyota Kirloskar Motor Forays into Export Market

Oct. 11, 2011 - PRLog -- *Etios and Etios Liva to be exported to South Africa

•   TKM to start exports of  the Etios Series to South Africa
•   TKM to be  a key export hub in Toyota’s Global Operations

Delhi, October 6th, 2011: Toyota Kirloskar Motor today announced the start of exports of its “World First, India First”- Toyota Etios & Etios Liva to South Africa. The company plans to begin export by March 2012.

The export model of Etios will be built on the same platform as Etios and Etios Liva, manufactured and sold in India. However, there would be a few changes in technical specifications/features, pertaining to the different needs of each market. The export model will be customized to suit the local requirements. The company will export only the petrol variants of the Etios.  
Commenting on the beginning of TKM’s export operations , Mr. Hiroshi Nakagawa, Managing Director, TKM, said, “With the start of exports, TKM has entered a new chapter of business in India. This milestone is a defining moment for all of us at TKM. Exporting the Etios to South Africa would also mean showcasing the advanced technology and superior quality features that have been developed by Toyota for Etios. We are convinced that the Etios will be successful in delivering Toyota’s promise of quality in South Africa too.”
Mr. Shekar Viswanathan, Deputy Managing Director, Commercial, TKM added, “The start of the export operations of the company denotes the growing role of TKM in Toyota’s global operations. This is a tremendous achievement for us at TKM as we enter into a new phase of business. We see a big opportunity in this sector as exports have considerably grown when compared to last year. TKM’s foray into the export market promises a lot of growth for the company.”
The Etios is currently manufactured in TKM’s second plant located in Bidadi industrial area on the outskirts of Bangalore. The export model will also be manufactured in the same plant. The current production capacity in the second plant is 80,000 units which has been ramped upto 1,20,000 units by 2012 and 2,10,000 units by 2013. The engine and transmission for the Etios sold in India and export markets will be manufactured at Toyota Kirloskar Auto Parts. Approximately 100,000 engines will be produced per year starting in the third quarter of 2012 and approximately 240,000 transmissions per year starting in early 2013. The engines and transmissions are currently being imported from Japan.

Visit:- http://www.toyotabharat.com for details


Overview of TKM
Company name -- Toyota Kirloskar Motor Private Limited
Managing Director -- President: Hiroshi Nakagawa (TMC)
Established -- October 1997 (start of production: December 1999)
Location --Suburb of Bangalore, Karnataka State
Products -- Corolla Altis, Innova and Fortuner manufactured in India. Camry, Prado, Land Cruiser and Prius imported as CBUs.
Annual production capacity -- Approx. 80,000 units
Equity participation -- TMC: 89%, Kirloskar group: 11%
Number of employees -- Approx. 4,650 (as of end of 2010)
Land area -- Aprox. 432 acres (approx.1,700,000 m2)
Building area -- 74,000 m2


Overview of TKM 2nd Plant
Location -- On the site of Toyota Kirloskar Motor Private Limited (on the outskirts of Bangalore, Karnataka State)
Products -- Etios Sedan and Hatchback Etios  Liva (will go on sale in April 2011)
Start of production -- December 2010
Annual production capacity -- 70,000 units.
Visit http://www.toyotabharat.com for details