• Industry’s first used car service to offer a fully OEM refurbished pre-owned vehicle
• Toyota’s own exclusive showroom with wide range of high-quality Toyota Models
• One roof solution for Selling, Buying & Value-Added Services for Toyota Vehicles
Bangalore, 7th July 2022- Toyota Kirloskar Motor (TKM) today inaugurated the Toyota Used Car Outlet (TUCO) at Bangalore, as it becomes the first auto manufacturer in India to offer fully OEM (Original Equipment Manufacturer) refurbished used car to the customer.
With the signature ‘MARU MARU’ signifying ‘high quality precision cleaning’ exclusive to Toyota, with TUCO, TKM reinstates its commitment to creating a transparent and reliable used car market for Toyota customers across India. This facility will Buy & Sell only Toyota pre-owned cars. The company has started its pilot operations in Bangalore and plans to expand in future.
Every Toyota used car will undergo a detailed inspection at the TKM workshop, prior to Toyota’s superior refurbishment, to determine the current quality standard of the car thereby ensuring highest levels of Quality & Reliability for the end users of the product.
TUCO will be a one roof solution for all Value-Added Services of a Toyota used car Buying experience- including Finance, Insurance and Accessories. Through this exclusive showroom, customers will be able to sell their Toyota cars with peace of mind, trust & transparency. Through TUCO, buyers can choose from a wide variety of high-quality Toyota models and can avail the right prices with complete transparency. All cars at TUCO will go through comprehensive 203-point inspection based on the global Toyota standards to determine the quality level after due diligence of documentation. Furthermore, the showroom will be digitally integrated so that customers can have transparent valuation in Vehicle history and authenticity. Customers can evaluate their vehicles Online by browsing the U Trust website and clicking on ‘Valuate your car’ option.
Expressing his delight on this significant announcement, Mr. Vikram Kirloskar, Vice Chairman, TKM said, “India’s used car market continues to grow rapidly every year and TUCO represents our commitment to developing a fair and transparent used car market with increased reliability for our customers and to the Indian society as a whole. Our focus will be to offer our customers with the best quality refurbished cars with convenience, transparency, and value for money. We are committed towards creating a reliable and transparent used car market which will enable faster disposal of cars at right prices and right quality to the buyers.”
Each car will be certified by TKM after due diligence of documentation, quality levels, vehicle history and Toyota refurbishment. Only those Toyota cars which satisfy all the defined criteria are certified to be sold through TUCO along with a certification, attractive warranty and other value-added services. TKM is also offering the customers with tailor made finance offers from TFSIN along with personalized RTO Assistance for smooth and quick documentation process.
Overview of TKM
Company name Toyota Kirloskar Motor Private Limited
Equity participation TMC: 89%, Kirloskar Systems Limited (Mr. Vikram S. Kirloskar): 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)
Products Innova, Fortuner manufactured in India. Vellfire imported as CBU
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
Installed Production capacity Up to 2,10,000 units