Toyota Kirloskar Auto Parts to produce engines and transmissions for the Toyota Etios
Toyota Kirloskar Motor (TKM) today announced that Toyota Kirloskar Auto Parts Pvt, Ltd. (TKAP) - a joint venture between Toyota Motor Corporation (TMC), Toyota Industries and Kirloskar Group - will produce engines and transmissions for the Toyota Etios. The Etios concept was showcased early this year at the Delhi Auto Expo.
Tweet-- Toyota Kirloskar Motor (TKM) today announced that Toyota Kirloskar Auto Parts Pvt, Ltd. (TKAP) - a joint venture between Toyota Motor Corporation (TMC), Toyota Industries and Kirloskar Group - will produce engines and transmissions for the Toyota Etios. The Etios concept was showcased early this year at the Delhi Auto Expo. The Etios will be produced in TKM's second plant, with an initial capacity of 70,000 units. The production of the vehicle, developed exclusively for the Indian market, is scheduled to begin in late 2010, starting with 70 % of the parts being sourced from India. At TKAP, approximately 110,000 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 new production at the plant represents an investment of approximately Rs. 5 billion. The plant will employ approximately 500 new employees.
TKAP currently produces manual transmissions for the "Fortuner" & "Hilux"range, manufactured in India, Thailand and Argentina. It also produces axles and propeller shafts for the "Innova", manufactured in India. Production of engines and transmissions for the Etios will further localize parts production. Commenting on the occasion Mr. Nakagawa, MD, Toyota Kirloskar Motor said, "The Etios has been designed specifically for the Indian market. The domestic production of engines and transmission will enable us to provide the best quality product, at a competitive price. India plays a vital role in Toyota's global expansion plans and this development marks another step towards Toyota's growth in India". Mr. Hisashi Suzuki, MD, Toyota Kirloskar Auto Parts said, "Though TKAP is currently more of a global source for R-type manual transmissions, with the addition of these two new products, we will contribute more towards employment of local labour, develop local suppliers, showcase India and Karnataka in particular and above all delight our valuable customers in India.
Notes to Editor
Outline of TKM Company name
Toyota Kirloskar Motor Private Limited Location- Outskirts of Bangalore, Karnataka Establishment- October 1997 (start of production: December 1999) Managing Director- Hiroshi Nakagawa Equity participation- TMC: 89%, Kirloskar Group: 11% Land area- Approx. 432 acres (approx. 1.744,848 m2) Annual production capacity- Approx. 80,000 units Products- Corolla Altis, Innova and Fortuner are manufactured in India. Camry, Prado, Land Cruiser and Prius are imported as CBUs. Number of employees Approx. 3900 Outline of Second TKM Plant Location- On the site of Toyota Kirloskar Motor Private Limited (on the outskirts of Bangalore, Karnataka State) Start of production- Scheduled in December 2010 Initial Production Capacity- 70,000 units
Toyota Kirloskar Auto Parts Private Limited (TKAP) Location- Bidadi,Karnataka, India President- Wataru Suzuki Establishment- April 2002 Products (Production capacity)- Front and rear axles (52,000 units/year); propeller shafts (52,000 units/year); R type manual transmissions (170,000 units/year) Site area- 202,000 m2 Start of production- July 2002 Number of employees- Approx. 800 (as of April 2010) Annual Production capacity- 1,60,000 units Equity Participation - TMC -64%, Toyota Industries 26% and Kirloskar Group -10%