Toyota announced today that it has decided to build a
second plant on the site of Toyota Kirloskar Motor Private Limited
(TKM), its automobile production base in India.
TKM is
aiming for its second plant to begin operations in 2010, boasting an
initial annual production capacity of some 100,000 vehicles, with plans
to increase that over time. In line with this, the company plans to
further invest more than approximately 35 billion yen.
Plans call for the second TKM plant to produce passenger vehicles,
including the Corolla as well as a new compact vehicle. The aim of the
new plant is to meet the broad needs of customers in India, where
motorization is expanding rapidly. The new compact vehicle is also
expected to be exported to other countries in the future.
TKM is a joint venture company established on the outskirts of
Bangalore in October 1997 by TMC and the Kirloskar Group. Currently,
TKM produces the Corolla and the IMV series Innova minivan, with annual
production in 2007 of 52,000 vehicles (an 18% year-on-year increase).
On the basis of its policy of producing vehicles where sold, TMC
decided to build the second TKM plant to respond to the market
expansion that has accompanied the development of motorization in
India. Once production begins at the second plant in 2010, the two TKM
plants will have a combined annual production capacity of 160,000
vehicles.
TMC will continue in the future to develop an optimal production
network on a worldwide scale from the perspective of providing "the
right vehicle in the right place at the right time", according to the
needs of the market.
Outline of Second TKM Plant
| Location |
On the site of Toyota Kirloskar Motor Private Limited (on the outskirts of Bangalore, Karnataka State) |
| Investment |
Approx. 35 billion yen |
| Start of production |
Scheduled for 2010 |
| Annual production capacity |
Approx. 100,000 units (when plant becomes operational in 2010) |
Outline of TKM
| Company name |
Toyota Kirloskar Motor Private Limited |
| Location |
Outskirts of Bangalore, Karnataka State |
| Establishment |
October 1997 (start of production: December 1999) |
| President |
Hiroshi Nakagawa (from TMC) |
| Equity participation |
TMC: 89%, Kirloskar Group: 11% |
| Land area |
Approximately 420acres (approximately 1.7 million m2) |
| Annual production capacity |
Approx. 60,000 units
(After second plant is operational, approx. 160,000 units) |
| Products |
Corolla, Innova |
| 2007 production results |
52,000 units |
| Number of employees |
Approx. 2,800 (as of February 2008) |
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