Loading


Toyota India Begins Export of 'Etios' Series to South Africa



The Company's Official Page
http://www2.toyota.co.jp/en/news/12/04/0404_2.html
Back To Previous Page

Apr. 04, 2012

Toyota India Begins Export of 'Etios' Series to South Africa

Toyota City, Japan, April 4, 2012—Toyota Motor Corporation (TMC) announces that Toyota Kirloskar Motor Pvt. Ltd. (TKM), its production and sales subsidiary in India, held a ceremony today at Ennore Port near Chennai, India to mark the beginning of exports of TKM-produced "Etios"-series sedans and hatchbacks to South Africa. TKM expects to export a total of 20,000 vehicles a year.

The ceremony, held as the first South-Africa-bound Etios was loaded onto a ship at Ennore Port, was attended by approximately 200 guests, including the Karnataka State Minister for Home and Transport R. Ashoka, Karnataka State Minister for Large and Medium Scale Industries Murugesh R. Nirani, TKM Vice Chairman Vikram Kirloskar and TKM Managing Director Hiroshi Nakagawa. At the ceremony, Nakagawa said: "Today we have reached another milestone in our journey in India."

The start of vehicle exports from India represents an expansion beyond India's domestic market for TKM and a commitment by TMC to develop India into a production and supply base for vehicles and transmissions.

In line with its Global Vision released in March of last year, TMC is positioning emerging markets as a priority and is aiming to increase sales in those markets. To match the growth of India's automobile market, TKM's annual production capacity is scheduled to increase from its current 210,000 vehicles to 310,000 vehicles in 2013.

Toyota will continue its efforts to manufacture cars that provide joy and exceed customer expectations in each respective region while also working to contribute to the building of better communities and societies.

Outline of Toyota Kirloskar Motor Pvt. Ltd.

Managing Director Hiroshi Nakagawa
Establishment October 6, 1997 (start of production: December 1999)
Location Suburb of Bangalore, Karnataka State, India
Products Innova, Fortuner, Corolla, Etios and Etios Liva
Capital 7 billion rupees
Equity participation TMC: 89%
Kirloskar Group: 11%
Employees Approx. 6,200 (as of February 29, 2012)



End



Related Latest News
"Toyota Motor Corporation" more
"Transportation Equipment" Listed Companies more
"Transportation Equipment" Non-listed Companies more
    We did not find Press Release.
"Aichi" Companies more
    We did not find Press Release.

WARNING: (1) Because this website uses a computer program to automatically collect and display press-release text information, errors or inaccuracy may occur. Double-check with information on these companies' official websites. (2) A press release may contain facts, figures and preliminary forward-looking statements which are subject to change.
Latest Press Release Search


Fukushima | power supply | cloud | solar
*NOTE: Recommended keywords shown above.
Your Most Recently Viewed Companies
Visit any of the company pages in JPubb, and your most recently viewed companies will automatically show up here.