Toyota Kirloskar Motor (TKM) inks MoU with State Bank of Hyderabad for auto loans

February 22nd, 2010, Bangalore:
February 22nd, 2010, Bangalore: Toyota Kirloskar Motor Pvt. Ltd (TKM) has signed a Memorandum of Understanding (MoU) with the State Bank of Hyderabad (SBH) to extend auto retail finance to their prospective customers. The State Bank of Hyderabad will be one of the preferred financiers for the entire range of vehicles sold by Toyota Kirloskar Motor Private Limited (TKM).

The agreement was signed by Mr. Sailesh Shetty, General Manager, Sales, Toyota Kirloskar Motor Private Limited (TKM), and Mr. A.M.R Sharieff Deputy General Manager, State Bank of Hyderabad.

The MOU aims at targeting customers who will be availing car loans from SBH under the SBH – TKM Car Finance Schemes. SBH has come out with special schemes namely SBH Ezee Car Loans and SBH Advantage Car Loans for these customers. These schemes will be implemented in all branches of SBH across the country. SBH, a reputed public sector bank with over 1100 branches, is growing rapidly since its inception. Both SBH and Toyota dealers will promote these schemes to provide various finance options to its customers through all branches of SBH.

About Toyota Kirloskar Motor:
TKM is a joint venture between Toyota Motor Corporation and the Kirloskar Group. TKM has invested nearly Rs. 1,500 crores in its plant at Bidadi, employing around 3000 people. The plant started production in December 1999 and has a capacity of producing 80,000 units annually.

For details, please refer to

Company nameToyota Kirloskar Motor Private Limited
LocationOutskirts of Bangalore, Karnataka State
EstablishmentOctober 1997 (start of production: December 1999)
Managing DirectorMr. Hiroshi Nakagawa
Equity participationTMC: 89%, Kirloskar Group: 11%
Land areaApprox. 432 acres (approx. 1.744,848 m2)
Annual production capacityApprox. 80,000 units
ProductsCorolla Altis, Innova, Fortuner manufactured in India. Camry, Prado and Land Cruiser imported as CBUs.
2009 production results51, 133 units
Number of employeesApprox. 3600 (as of December 2009)

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Printed on woensdag 2 september 2015

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