Page 5 - Toyota Kirloskar Motor

Maruti, Hyundai, Toyota see no impact of coronavirus on production so far

The companies, however, continue to monitor the situation closely, especially the operations of their major suppliers, in order to face any adverse situation that crops up in the future

Toyota Kirloskar rejigs regional offices into 3 strategic business units

Toyota Kirloskar Motor on Thursday announced realignment of its regional offices into three new strategic business units (SBUs) with an eye on strengthening agility of regional management team. Under the new structure, Atul Sood will become associate vice-president (north & east SBU); R Venkatakrishnan, vice-president (south SBU and institutional sales); and B Padmanabha, vice-president (west SBU), the company said in a statement. The three zonal SBUs will be further supported by group SBUs and state SBUs. With this, the company aims to further strengthen the objectivity and agility of the regional management team, it added. Commenting on the new regional structure, Toyota Kirloskar Motor Senior Vice-President (Sales & Customer Service) Naveen Soni said three new SBUs will not only focus on the company's return on investment and key performance indicator-based competitiveness, but also focus on sustainable growth of the company. "Moreover, these SBUs will ensure that our ...

Toyota Kirloskar Motor announces leadership changes for 2020

Toyota Kirloskar Motor (TKM) on Tuesday said N Raja has now donned a bigger role and moved to Toyota Financial Services India as its managing director. Raja, who has been with the company for the last seven years, was previously deputy managing director for sales & marketing at TKM, a press statement from the company said here. TKM announced the rollout of restructured organisational changes effective from January 1, 2020, as it continues to redesign the company operations from long-term perspectives. The other key changes include promotion of Raju B Ketkale as the deputy managing director covering manufacturing as a function, the release said. Ketkale, with over two decades of experience in the automobiles field, was previously senior vice-president & director at TKM, handling product design and development and quality assurance, it said. Naveen Soni has been promoted as the senior vice- president of the sales and customer service. Soni, who has been in the ...

BSVI emission norms: Toyota to phase out Etios, Liva by April 2020 in India

Mumbai, 21 NovemberThe Toyota Etios sedan, Etios Cross and Liva hatchback could hit the end of the road once the stringent BS-VI emission norms take effect from April.The high cost of switchover and low volumes have, aver informed souces, prompted Toyota Kirloskar Motor (TKM) to pull the plug on its mass segment models. Now on, Toyota is unlikely to make any model on its own for the mass segment here -- it might instead source from Suzuki's India subsidiary and re-badge these. A spokesperson at Maruti Suzuki India declined to comment. A spokesperson at TKM said the company would "refrain from commenting on the specifics as it pertains to future product plans". Adding that the company was "closely monitoring customer needs and trends" in trying to bring products suitable for the Indian market. In India, as part of the broader agreement between the two Japanese parent entities, Toyota sells the Suzuki Baleno as the rebadged Glanza. It plans to add to its line-up with the re-badged ...

Toyota Kirloskar Motor initiates VRS for employees at Karnataka unit

Employees opting to apply for the scheme will receive a compensation package in addition to normal retirement benefits

Auto crisis: Business condition is becoming 'critical', says Toyota

It has announced no production for four days at its factory in Karnataka, due to market conditions. There will be no production at plants I and II on October 3, 4, 5 and 9

Toyota Kirloskar Motor reports 21% decline in sales at 11,544 units in Aug

The company had sold 14,581 units in the same month last year, Toyota Kirloskar Motor (TKM)

Toyota to continue diesel models in India, expects demand to continue

The company has even invested in a plant in India to make diesel engines which is capable of manufacturing diesel BS-VI engines with minimum investment

Toyota Kirloskar Motor sales continue to decline; down 18% in April y-o-y

Consumer sentiments have been dampened due to several factors like tight liquidity, high insurance, and high costs

Toyota Kirloskar Motor sales up 7% to 1,50,525 units in FY19

For the 2018-19 fiscal, the company reported 7 per cent jump in domestic sales at 1,50,525 units from 1,40,645 units in 2017-18

Toyota drives in new version of Camry Hybrid in India at Rs 36.95 lakh

TKM Deputy Managing Director N Raja said the company would keep working to popularise hybrid vehicles in the country

Toyota Kirloskar Motor posts 15% dip in November sales on rising fuel costs

Toyota is maintaining a lean inventory at dealerships to avoid stock pileup as the festive season did not spur customer demand

Yoshimura appointed as new managing director of Toyota Kirloskar Motor

Yoshimura will be responsible for Toyota's business operations in India, including its strategic direction

Toyota Kirloskar Motor's sales decline 1.4% to 13,871 units in April

Toyota Kirloskar sold a total of 13,037 units in the domestic market in April and exported 834 units of the Etios series

Toyota Kirloskar may hike vehicle prices next month to offset input costs

The company is currently working on the quantum of price hike

Toyota to launch cars with mass segment focus

Over the next two years, Toyota plans to introduce various models, addressing multiple price points, said a person familiar with the plan

Toyota Kirloskar Motor sales up 4% in September at 13,678 units

Domestic sales rose 2% at 12,335 units in Septembe

No plans to launch electric vehicles in India: Toyota Kirloskar Motor

TKM is a joint venture between the Japanese auto major and Kirloskar Group

Toyota Kirloskar expects 10-12% growth in FY17, despite sales drop in May

Company plans to focus on developing high-value cars

Toyota Kirloskar Motor sales surge 48% at 14,057 units in April

Toyota Kirloskar Motor (TKM) today reported a 47.85 per cent jump in total sales at 14,057 units in April, driven by its newly launched SUV Fortuner. The company had sold total 9,507 units in the same month last year, TKM said in a statement. Domestic sales grew 51.81 per cent to 12,948 units as against 8,529 units in April last year, it added. TKM exported 1,109 units of the Etios series in April 2017 as compared to 978 units in the same month last year. Commenting on the performance, N Raja, director and senior vice-president - sales & marketing, Toyota Kirloskar Motor, said: "This growth has been propelled by the overwhelming response the new Fortuner has received." The new Fortuner has already sold more than 12,200 units in less than six months of its launch, he added. Raja further said the company's new Corolla Altis sedan also received good response from customers since its launch in in March, while multi-purpose vehicle Innova Crysta also registered strong sales.