Bangalore, Feb 24, 2011 : Toyota Kirloskar Motor (TKM) announced today that Toyota Kirloskar Auto Parts PVT. LTD. (TKAP) - a joint venture between Toyota Motor Corporation, Japan (TMC), Toyota Industries Corporation, Japan (TICO) and Kirloskar Systems Limited, Bangalore, held a ceremony to mark the commencement of construction of its new engine plant and the expansion of its existing transmission plant at Bidadi. This development is a part of the unit localization project. The ceremony was held at its current plant at Bidadi, on the outskirts of Bangalore.
Mr. Hisashi Suzuki, Managing Director,TKAP unveiled the foundation stone under the august presence of Mr. V P Baligar, Principal Secretary, Department of Commerce and Industry and Mr. Takahiro Iwase, Senior Managing Director, TMC and Mr. Hiroshi Nakagawa, MD, TKM.
The unit localization project for Etios involves setting up a new engine plant and expanding the existing transmission plant, also an EOU. The new production at the plant, representing an investment of approximately Rs. 5 billion, was one of the projects cleared by the State High Level Clearance Committee, Government of Karnataka, at its meeting held on the 24-Jan-2011. Approximately 100,000 engines will be produced per year starting in the third quarter of 2012 and approximately 240,000 transmissions per year starting in early 2013.
TKAP currently produces manual transmissions for the "Fortuner" manufactured in India, Thailand and Argentina. It also produces axles and propeller shafts for the "Innova", manufactured in India.
Mr. Vikram Kirloskar conveyed the key role played by TKAP in the Unit Localization Project for ETIOS car and stated that "Indian operations play a very important role in Toyota's global strategy. Making of Etios exclusively for the Indian market and the localization of engine and transmission marks an important milestone in the growth of Toyota in India. Production of engines and transmissions for the Etios will further localize parts production.With the production of these critical parts, the localization ratio for Etios,currently around 70%, is expected to cross 90%."
Mr.Hisashi Suzuki in his address "This project will help generate additional employment for more than 500 members at TKAP. It will also additionally, create opportunities for indirect employment in our supplier fraternity. TKAP, an EOU will now contribute towards localization and will get an opportunity to serve customers in India."
Overview of TKAP :
| Company name |
Toyota Kirloskar Auto Parts Private Limited (TKAP) |
| Location |
Bidadi,Karnataka, India |
| President |
Hisashi Suzuki |
| Establishment |
April 2002 |
| Products (Production capacity) |
Front and rear axles (52,000 units/year); propeller shafts(52,000 units/year); R type manual transmissions (170,000 units/year) |
| Site area |
202,000 m2 |
| Start of production |
July 2002 |
| Number of employees |
Approx. 800 (as of April 2010) |
| Equity Participation |
TMC -64%, Toyota Industries 26% and Kirloskar Group -10% |
Overview of TKAP New plant :
|
New Gasoline Engine plant (for Etios) |
New Transmission plant (for Etios) |
| Location |
Bidadi (32 km southwest of Bangalore), Karnataka, India |
| Investment |
Approx. Rs 5 billion |
| Start of production |
Third quarter 2012 |
Early 2013 |
| Production capacity |
100,000 engines per year |
240,000 transmissions per year |
| New jobs |
Around 500 |
Overview of TKM
| Company name |
Toyota Kirloskar Motor Private Limited |
| Managing Director |
Hiroshi Nakagawa |
| Established |
October 1997 (start of production: December 1999) |
| Location |
Suburb of Bangalore, Karnataka State |
| Products |
Etios, Etios Liva, Corolla Altis, Innova and Fortuner manufactured in India.
Camry, Prado, Land Cruiser and Prius imported as CBUs.
|
| Annual production capacity |
Approx. 80,000 units |
| Equity participation |
TMC: 89%, Kirloskar Group: 11%
|
| Number of employees |
Approx. 5,000 + |
| Land area |
Aprox. 432 acres (approx.1,700,000 m2)
|
| Building area |
74,000 m2 |
Overview of TKM 2nd Plant
| Location |
On the site of Toyota Kirloskar Motor Private Limited (on the outskirts of Bangalore, Karnataka State)
|
| Products |
Etios, Etios Liva (Petrol & Diesel) |
| Start of Production |
December 2010 |
| Installed Production capacity |
80,000 units |