Globally an industry leader in the Auto and Truck Manufacturing segment, Toyota is known for its unique and bench marking production and quality check practices.
Operates in the automotive operations and Financial Services segments. Founded in 1937, it is headquartered in Toyota. Employing about 338,875 people, its present CEO is Akio Toyoda. Till November 2014, it the 12th largest company in the world in terms of revenue generated. Toyota was the 1st company globally to manufacture more than 10 million vehicles in a year. Toyota manufactures vehicles under the following brands: Toyota brand, Hino, Lexus, Ranz and Scion. Its Joint venture in India is with Kirloskar automobiles. The company’s marketing and branding activities over the years have focused on the positive experiences of ownership and vehicle quality. Two of the greatest contributions that the company has made in the field of operational efficiency are the concepts of “Lean Manufacturing” and “Just in Time Production”. The company’s traditional managerial values and business methodology are known collectively as the Toyota Way. It is a model which is replicated in numerous businesses around the world as a standard model of doing business efficiently and effectively.