Bengaluru, 03^rd January 2024: Toyota Kirloskar Motor (TKM), today announced organisational changes by elevating key senior management aimed at fostering a high-potential, customer-focused and flexible leadership in India. The decision, effective 1st January 2024, is intended to further strengthen the company’s operations by accelerating the transition towards a future-ready organization, thus reinforcing the country’s growing significance within Toyota's global business landscape.

Following the recent announcement by Toyota Motor Corporation on the creation of “India, Middle East, East Asia & Oceania” Region wherein MD and CEO of TKM, Mr. Masakazu Yoshimura was also appointed as the Regional CEO, these organisational changes are strategically aligned to additionally boost efficiencies and deliver on India’s pivotal role.

New changes in the TKM’s Leadership Team include:

• Mr. Tadashi Asazuma, currently Executive Vice President, has been elevated as Deputy Managing Director – Sales-Service-Used Car TKM & Lexus. In this role, Mr Asazuma will be responsible for the overseeing of Sales, Service & Used Car functions of Toyota & Lexus designed to continue driving growth, enriching strong dealer and customer relations towards becoming the mobility company of choice for consumers by further upholding customer-centricity. Having joined Toyota Motor Corporation in the 2001, Mr. Asazuma, who moved to TKM in 2019, brings with him a rich global automobile industry experience of working for Toyota in Japan and regions like Middle East.

• Mr. Swapnesh R Maru, presently serving as Executive Vice President & Chief Compliance Officer, has been elevated as Deputy Managing Director – Corporate Planning, Finance & Administration and Manufacturing. In his new role, he will be steering the manufacturing function in addition to overseeing Finance & Administration Function and Corporate Planning to align and capitalize the region’s growth potential and TKM’s growing importance in the global marketplace. With an illustrious career spanning over 25 years, Mr. Maru previously has handled functions such as Sales, Accounting, Finance & Taxation, Legal, Information Technology, Human Resources, and Corporate Planning both in India as well as at global/regional offices.

Commenting on the announcement, Mr. Masakazu Yoshimura, MD and CEO of Toyota Kirloskar Motor and Regional CEO at Toyota Motor Corporation (TMC), said, "We at Toyota Kirloskar Motor are extremely pleased to announce the new changes to our senior management structure that is focused on steering the company’s growth plans. These changes come at a crucial time when India is increasingly becoming a vital market in Toyota’s global strategy and are designed to support and achieve sustainable growth for the company by enhancing capabilities and creating a future ready organization.

I am confident that, together as one team, we are well positioned to capitalise on the increasing potential of the Indian market by significantly building on Toyota’s ability towards delivering 'Mass Happiness to All” and achieving ‘Carbon Neutrality’ goals in India.”

Overview of TKM:

Equity participation	Toyota Motor Corporation (Japan) : 89%, Kirloskar Systems Limited (India) : 11%
Number of employees	Approx. 6,000
Land area	Approx. 432 acres (approx.1,700,000 m2)
Building area	74,000 m2
Total Installed Production capacity	Up to 3,42,000 units

Overview of TKM 1st Plant:

Established	October 1997 (start of production: December 1999)
Location	Bidadi
Products	Innova HyCross, Innova Crysta , Fortuner, Legender manufactured in India.
Installed Production capacity	Up to 1,32,000 units

Overview of TKM 2nd Plant:

Start of Production	December 2010
Location	On the site of Toyota Kirloskar Motor Private Limited, Bidadi
Products	Camry Hybrid, Urban Cruiser Hyryder, Hilux
Installed Production capacity	Up to 2,10,000 units

*Other Toyota Models: Glanza, Rumion

**Imported as CBU: Vellfire, LC 300

For Any Further Queries, Please Contact:

Toyota Kirloskar Motor Pvt. Ltd.	Current Global
Kaveri Mandanna Email : kaveriamma_mm@toyota-kirloskar.co.in	Shakuntala Datta Mobile : +91-98456 11219 Email : SDatta@webershandwick.com