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Guys what are your views on this topic.
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Source http://auto.economictimes.indiatimes.com/news/industry/despite-sc-ban-toyota-invests-rs-1100-cr-in-new-diesel-engine-plant-in-bengaluru/52022944
Additional information :
http://m.timesofindia.com/business/india-business/Toyota-invests-Rs-1K-crore-in-new-diesel-plant/articleshow/52016995.cms
Quoting the information
CHENNAI: Despite the debate about diesel and the court ban on diesel cars in Delhi, leading Japanese car maker Toyota is investing Rs 1,100 crore in a new diesel engine plant that will churn out 1,08,000 units a year for the Indian market.
The ban notwithstanding, top Toyota executives said the company is committed to the fuel option and considers it critical to be able to attain the fuel efficiency mandate when those norms kick in a year later.
The new plant in Bengaluru will be formally launched in the third week of June.
"Toyota developed and introduced the new GD series diesel engines in 2015, replacing KD series engines," said a company executive.
"These engines feature the 'economy with superior thermal efficiency combustion' (ESTEC) technology and are concurrently manufactured at Japan, Thailand and now in India. This engine complies with BS IV/Euro 4 emission standards and can be upgraded to Euro 5 and 6 with minimum investment and lead time. The same engine is already being manufactured in Japan and Thailand to meet Euro 4, 5 and 6 emission standards," he added.
This high-performance, high-technology diesel engine project is the first Toyota diesel engine manufacturing plant in India. The new plant will generate employment for over 500 people and will manufacture engines for local consumption.
In terms of supply chain localization, currently 77 parts are localized through 23 vendors in Phase-1, and a further 65 parts are being localized through 29 vendors covering 35% of all parts, said the company executive.
Vikram Kirloskar, VC, Toyota Kirloskar Motor, said, "Diesel engine technology will continue to be an integral part of every auto maker, considering stringent fuel efficiency norms being introduced in 2017."
The ban notwithstanding, top Toyota executives said the company is committed to the fuel option and considers it critical to be able to attain the fuel efficiency mandate when those norms kick in a year later.
The new plant in Bengaluru will be formally launched in the third week of June.
"Toyota developed and introduced the new GD series diesel engines in 2015, replacing KD series engines," said a company executive.
"These engines feature the 'economy with superior thermal efficiency combustion' (ESTEC) technology and are concurrently manufactured at Japan, Thailand and now in India. This engine complies with BS IV/Euro 4 emission standards and can be upgraded to Euro 5 and 6 with minimum investment and lead time. The same engine is already being manufactured in Japan and Thailand to meet Euro 4, 5 and 6 emission standards," he added.
This high-performance, high-technology diesel engine project is the first Toyota diesel engine manufacturing plant in India. The new plant will generate employment for over 500 people and will manufacture engines for local consumption.
In terms of supply chain localization, currently 77 parts are localized through 23 vendors in Phase-1, and a further 65 parts are being localized through 29 vendors covering 35% of all parts, said the company executive.
Vikram Kirloskar, VC, Toyota Kirloskar Motor, said, "Diesel engine technology will continue to be an integral part of every auto maker, considering stringent fuel efficiency norms being introduced in 2017."
Additional information :
http://m.timesofindia.com/business/india-business/Toyota-invests-Rs-1K-crore-in-new-diesel-plant/articleshow/52016995.cms
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