Toyota Kirloskar Motor Pvt Ltd is a subsidiary of Toyota Motor Corporation of Japan with Kirloskar Group, for the manufacture and sales of Toyota cars in India. It is currently the fourth largest car maker in India after Maruti Suzuki, Hyundai and Mahindra. On 7 June 2012, Vice Chairman of the company revealed that the company is planning to enter the healthcare sector and its first hospital would open in Karnataka in May 2013.
History
entered India in 1997 in a joint venture with the Kirloskar Group. Toyota Motor Corporation holds 89% of the share and the remaining 11% is owned by Kirloskar Group.
Manufacturing facilities
TKMPL's current plant at Bidadi, Karnataka is spread across 850 acres and has a capacity of 110,000 vehicles per annum. TKMPL's second manufacturing plant on the outskirts of Bangalore, Karnataka has a capacity of 210,000 vehicles per annum. Total production capacity is 320,000 vehicles per annum. On 16 March 2011, it announced that it was increasing production to 210,000 vehicles per annum due to increase in demand for its models especially the Etios and Fortuner. With effect from 1 June 2012, Toyota Kirloskar Motor will be increasing the prices of Etios diesel and Innova by 1 per cent and Fortuner and Etios Liva diesel by 0.5 per cent. The price hike is on account of the weakening of Rupee. Toyota announced that Etios sedan and the Liva hatchback has posted sales of over 100,000 units, hence Toyota is all set for giving its production a big boost. Toyota Kirloskar Motor plans to hike the production capacity of its Etios series models by 75% by early 2013. Toyota Kirloskar Motors would launch its motor racing series in 3 cities in India next year.
Industrial relations
On 16 March 2014, Toyota Kirloskar Motor temporarily suspended the production at two of its assembly plants in Bidadi, Karnataka whose production capacity was 310,000 units annually and has employee strength of 6,400. Cause for the shutdown was failure to reach an agreement with the union over the issue of wages, deliberate stoppages of the production line by certain sections of the employees and abusing & threatening of supervisors thereby disrupting the production for the past 25 days. Toyota Kirloskar Motor announced on 21 March 2014 to lift the lockout at the plants effective from 24 March 2014 with subject to an acceptance of a service condition which requires all the employees signing an undertaking on good conduct. On 22 April 2014, employees called off the strike after 36 days of standoff and resumed full operations.
Etios motor racing
Toyota India started a One make racing series in India with the Etios car called the 'Etios Motor Racing Series'. The series started in 2012, it witnessed an overwhelming response from the Indian youngsters, with 3300 applicants. They held 2 rounds of exhibition races in 2012, one at a purpose built race track in Chennai called the Sriperumbudur race track and other in the form of ROC in Gurgaon. The 25 selected drivers then competed in the main championship held in the later half of 2013. The cars were prepared by Red Rooster Performance, and designed by TRD. With stock engines producing almost 100 bhp, the cars were a good platform for youngsters to step from karting to touring cars. Also the relatively cheaper budget of just $3216 for the entire series which includes an entire OMP racing kit makes it one of the best one-make series to compete in.
