Toyota Kirloskar Motor signed a Memorandum of Understanding (MOU) with the Government of Maharashtra, to examine the setting up of a Green Field Manufacturing Facility at Chhatrapati Sambhaji Nagar. With its headquarters in Karnataka, TKM already has a top-notch manufacturing facility with two cutting-edge locations in Bidadi. These facilities are well-equipped to support and enhance India’s standing in the global auto industry.
The Memorandum of Understanding with the Government of Maharashtra was exchanged by Dr. Harshadeep Kamble (IAS), Principal Secretary (Industries), Government of MH and Sudeep Santram Dalvi, Director & Chief Communications Officer, TKM, in the august presence of Eknath Shinde Ji, Hon’ble Chief Minister, Devendra Fadnavis Ji, Hon’ble Deputy Chief Minister, Ajit Pawar Ji, Hon’ble Deputy Chief Minister, and other key dignitaries. Present from TKM were Masakazu Yoshimura, MD and CEO of Toyota Kirloskar Motor and Regional CEO at Toyota Motor Corporation (TMC), Manasi Tata, Vice Chairperson TKM, Swapnesh R. Maru, Deputy Managing Director TKM.
India has grown in significance since it began operating in 1999 and is currently a key worldwide market for Toyota. Operating under the core values of “Grow India – Grow with India,” the company has been working extensively to expand its operations in alignment with key national priorities of skill enhancement, localization and development of the local ecosystem.
Integral to the company’s robust operations and significant expansion has been the immense support of the government of India and the state of Karnataka, which has laid a strong foundation of growth that has now enabled the company to enter the next stage of expansion. Over the past 25 years, Toyota has well established itself as a model company for innovation and manufacturing practices, leading to large-scale economic and social development in the region. In the State of Karnataka, Toyota Kirloskar Motor, including its group companies, has invested more than INR 16,000 crores and created close to 86,000 jobs in the entire value chain (including supplier and dealer partners), underscoring its philosophy of making in India not only for India but for the world, Toyota’s cumulative export contributions also stand at approx. INR 32,000 crores, thus representing the company’s export focus. The company has also made a difference in over 2.3 million lives by championing various social causes aimed at enhancing quality of life at the grassroots level.