Bangalore, 08September 2023: Toyota Kirloskar Motor (TKM), announced thatit has been bestowed with the esteemed Export Excellence Award at the FKCCI Star Export Awards 2023, organized by the Federation of Karnataka Chambers of Commerce & Industry (FKCCI). The event, held in Bangalore, recognized outstanding performers across various sectors, emphasizing their contribution to the state’s as well as nation’s economy and their dedication to excellence in performance.
TKM’sperformance in the Engineering products sector earned the company the coveted STAR EXPORTER AWARD (Merchant Category-Silver) for the export performance year during 2022-23. In addition, recently TKM was honoured with the prestigious ‘State Export Excellence Award’ in the Auto & Components’categoryby the Visvesvaraya Trade Promotion Centre (VTPC). The recognitions underscores TKM’s unwavering dedication to achieving export excellence, showcasing its capability to compete on a global level with the highest standards of quality and innovation.
Mr. Arun Velayudhan, Vice President – Finance,Indirect Taxation & Impex,TKM, accepted the award on behalf of Toyota Kirloskar Motor from Shri MBPatil, Hon’ble Cabinet Minister for Large & Medium Industries and Infrastructure Development, Government of Karnataka. This momentous occasion highlighted the collaborative efforts of TKMand its commitment to contribute to the growth of Karnataka’s industrial landscape.
Speaking on the occasion, Mr. Swapnesh R Maru, Executive Vice President, and Chief Compliance Officer atTKM said, “We are immensely proud and honoured to receive the Export Excellence Award from the esteemed Federation of Karnataka Chambers of Commerce & Industry (FKCCI).This recognition is a testament to our unwavering commitment to deliver excellence in all aspects of our operations. At TKM, we have always strived to push the boundaries of innovation, quality, and customer satisfaction. This award fuels our drive to continuously raise the bar, develop an ecosystem for advanced technologies that contributes to the Karnataka’s and India’s manufacturing industry. We extend our gratitude to our dedicated team members, stakeholders, and customers for their continuous support in our journey towards excellence.”
The Federation of Karnataka Chambers of Commerce & Industry (FKCCI) Star Export Awards are a symbol of distinction, celebrating businesses that have showcased exemplary growth, innovation, and contribution to the Indian economy through their export endeavours.TKM has been bestowed with export excellence award many times in the previous years.
The company’s commitment to quality, innovation, and sustainable practices has played a pivotal role in positioning the company as a key player in the automotive sector. This prestigious award reinforces TKM’s commitment to excellence and highlights its contribution to the growth of the engineering sector.
Overview of TKM
Equity participation Toyota Motor Corporation: 89%, Kirloskar Systems Limited : 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 3,10,000 units
Overview of TKM 1st Plant:
Established October 1997 (start of production: December 1999)
Location Bidadi
Products Innova HyCross , Innova Crysta , Fortuner manufactured in India.
Installed Production capacity Up to 1,00,000 units
‘Overview of TKM 2nd Plant:
Start of Production December 2010
Location On the site of Toyota Kirloskar Motor Private Limited, Bidadi
Products Toyota Camry Hybrid, Urban Cruiser Hyryder, Hilux
Installed Production capacity Up to 2,10,000 units
Other Toyota models – Glanza, Rumion
Vellfire imported as CBU& LC 300
