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Bangalore, January 31: Toyota Kirloskar Motor Private Limited (TKM) announced the visit of Mr. Katsuaki Watanabe, President of Toyota Motor Corporation (TMC) to India to commemorate TKM's 10th Anniversary.

At a dinner to mark the occasion, Mr. Watanabe talked about TMC's global business, vision and business interests in India. The dinner was attended by the Ambassador of Japan to India, Mr. H. Domichi, officials from the government of Karnataka, senior public personalities, Toyota dealers, suppliers and business partners.

Mr. Watanabe described Toyota's Global Vision 2020 through which Toyota tries to harmonize the "Cycle of Industry" with the "Cycles of Nature". Toyota constantly seeks to create new value in all their endeavors to bring the dreams of their customers and society to reality. This will be implemented in the areas ranging from the evolution of the car to the further improvement and learnings derived from the car. Toyota aims to enhance hybrid technology and apply it on all Toyota vehicles. It will also implement advanced driving assist systems and realize next generation mobility through the creation of new market values.

Toyota will also focus on creating a pool of workers with global skill levels in India. The Toyota Technical Training Institute (TTTI) and the Toyota Technical Education Programme (TTEP) are among the many initiatives by the company in this regard.

"We have a belief that our company can grow only in harmony with the local community. So our desire is to make a continuous growth with the community here as a global citizen and to be regarded as "the most admired company in town," said Mr. Watanabe. The Toyota Safety Education Programme (TSEP), launched in Bangalore last year, aims to promote road safety through awareness campaigns targeted at school children.

Management Changeover at TKM and TKAP:
Mr. Watanabe also conducted the changeover of the management of TKM and TKAP. Mr. H. Nakagawa replaced Mr. A. Toyoshima at TKM, while Mr. H. Suzuki replaced Mr. T. Ito at TKAP.

Meeting with Government of India:
Mr. Watanabe had also met with the Prime Minister of India, Dr. Manmohan Singh, the Finance Minister Mr. P. Chidambaram and the Commerce and Industries Minister Mr. Kamal Nath in New Delhi on January 28th. The leaders discussed various issue of mutual interest during their interactions. During the meeting, Mr. Watanabe described Toyota's basic policy of being always mindful of the environment protection, energy conservation and safety in the automobiles and similarly in its development and production practices. He emphasized that Toyota will steadily practice this policy in India. Mr. Watanabe spoke of his hopes to expand and build a bright tomorrow with the government and people of India.

Brief history of TKM:
Toyota Kirloskar Motor was incorporated on October 6th, 1997 as a joint venture between TMC and the Kirloskar Group. The company introduced the Toyota Qualis, its first product, in early 2000. This was followed by the launch of the Toyota Camry, the Corolla, the Landcruiser Prado and the Innova consecutively between 2002 and 2005. TKM withdrew the Qualis from the market on December 31st, 2004.

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Outline of TKM Plant

Company name	Toyota Kirloskar Motor Private Limited
Location	Outskirts of Bangalore, Karnataka State
Representative	Managing Director: Hiroshi Nakagawa
Establishment	October 6, 1997
Location	In a suburb of Bangalore, Karnataka State
Start of production	December, 1999
Products	Corolla, Innova
Production capacity	After increase in capacity in February 2005: 63,000/year)
Sales	In 2007: 54,249 vehicles (Innova: 46,652; Corolla: 6,408; Camry: 1,044; Prado: 145)
Capitalization	7 billion Rs.
Equity participation	TMC: 89%, Kirloskar group: 11%
Number of employees	2,790
Land area	432 acres
Building area	113 acres

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