Toyota Kirloskar Motors: Facts & Figures


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Akash1886

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As per the revised directives issued by the State Government allowing residents in Bengaluru urban and rural districts to move and commute for industries located inside industrial estates, Toyota Kirloskar Motor (TKM) today announced restart of production at its plant in Bidadi from July 20th (Monday).

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Toyota Looking To Localise Hybrid And EV Technology In India


For a long time Toyota Motor Corporation has been focusing on electrified vehicles. It stepped into a partnership with Suzuki and Denso in 2017 and decided to come up with a battery plant in Gujarat. Now hybrid and electric vehicle technology are still on the upper side of the cost structure which is why even hybrid vehicles haven't gain as much popularity in India. That said, moving forward carmakers are expected to include more electrified vehicles in their range in a bid to reduce emissions and meet the upcoming CAFE (corporate average fuel efficiency) regulations which caps the overall fuel consumption of the entire product portfolio. Electrified cars can become more affordable if critical components are manufactured locally, hence Toyota is looking forward to it.

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Toyota Launches New Car Leasing And Subscription Platform In India


Toyota Kirloskar Motor (TKM) has launched a new car leasing and subscription program in India through a new platform which is called Toyota Mobility Service (TMS). TMS will be starting operations initially in metro cities like Delhi-NCR, Bengaluru and Mumbai is looking forward to gradually expand it to ten more cities within the first year. Toyota customers can now pick cars of their choice for tenures of 3 - 5 years on a fixed monthly fee on lease. The monthly fee will be inclusive of vehicle maintenance, insurance and roadside assistance.

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In a bid to reach out to its customers better, Toyota Kirloskar Motor (TKM) has announced the launch of its first regional stockyard in India located in Guwahati, Assam. The regional stockyard ensures a leaner and more efficient distribution network and will help reduce the delivery time on the vehicles. In fact, Toyota says that for Guwahati and the regions nearby, the delivery time has been dropped from the current 13 days to a maximum of two days in the North-Eastern states, owing to the new stockyard.

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The new regional stockyard will not only enhance distribution efficiency but also reduce inventory cost and the turnaround time for dealers. It allows dealerships to focus on boosting sales and after-sales requirements. At present, Toyota has 13 customer touchpoints in the North-East, which includes the two new 3S (sales, service and spares) facilities that were opened in Naharlagun in Arunachal Pradesh and Imphal in Manipur respecitvely. More recently, the automaker expanded its service presence pan India with 87 new Pro-Service centres with one located in Jorhat, Assam.

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Toyota announces finance schemes on all models, including Urban Cruiser


Toyota Kirloskar Motor on Thursday announced the launch of finance scheme offers for the month of November in a possible bid to bolster sales prospects in the festive period. These offers are valid on its entire product portfolio in the country, including the recently-launched Urban Cruiser sub-compact SUV.

The finance schemes announced by Toyota include a low EMI scheme for the first the first six months and an EMI holiday option for three months for customers. Notably, there is an assured buy-back option rolled out on Yaris and Glanza.

Toyota states that the idea behind the finance schemes are to ensure that customers won't have to push back their purchases. "These finance schemes will enable customers to live their dreams of owning a Toyota vehicle and ease the process of car buying with an assured peace of mind," informed Naveen Soni, Vice President, Sales and Services, Toyota Kirloskar Motor, in a press statement. "Another such scheme that we have been running since last month, allows our customers to avail a Special Cash Package offer alongside the ‘Leave Travel Scheme’ as announced by the Govt. of India."

Toyota sales have been steadily improving since the days of national lockdown when it faced a whole lot of hardships as its plant near Bengaluru was first shut due to nation-wide restrictions and then due to local restrictions stemming from being in a 'red zone.'

The car maker sold 12,373 units in the month of October which was growth of 52% last month vis-a-vis September. (Read full report here)

A sizable chunk of the credit may go to the Urban Cruiser which, the company informs, has been received well in the market. Now, Toyota would look at continuing the momentum, especially because festivities this year extend into November.

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