Toyota Kirloskar Motor Pvt Ltd is a subsidiary of Toyota Motor Corporation in Japan (Toyota motor corporation was established in the year 1937).
The company is currently headquartered in Bangalore, Karnataka. Toyota employs close to 5000 employees in India. Toyota is currently India’s fourth largest manufacturer of passenger cars.
Toyota India (Kirloskar group has a very less percentage of share in the company) was established in the year 1997. Toyota has two plants in India. First one was setup in Bidadi, Karnataka which has the capacity of producing 110000 cars per annum. The second plant is in the outskirts of Bangalore, Karnataka which has the capacity to produce 220000 cars every year. This car manufacturer holds about 4.6% of the market share in the country. Following General Motor’s investment in Lyft and Volkswagens’ investment in Gett, Toyota is all set to pair up with Uber, one of the leading firms in taxi ride services.
Due to recent events of diesel car bans with more than 2000cc of engines in states like Delhi NCR and Kerala, Toyota’s Vice Chairman and whole time director, Mr. Shekhar Vishwanathan has announced regret that Toyota India is the worst hit company among other Indian car companies. This is understandable as the car maker has most of its models in 2000cc and above variants and also being mostly diesel engines. The diesel ban has put pressure on the company to introduce new models and more petrol engine based vehicles in the country.