Toyota Motor Corporation (TMC) today announced a significant regional restructuring, reemphasizing the pivotal role of India in the company’s global strategy. Currently, as a part of the Asia Region, the Indian market already enjoys high priority. With this change, India will now play an even more crucial role by being integrated into the Middle East, East Asia & Oceania Region and acting as the hub of the new “India, Middle East, East Asia & Oceania Region” starting January 1, 2024.
The new reorganization, which underlines the growing significance of India in Toyota’s global business landscape,reflects the increasing potential of the market upheld by its dynamic and skilled workforce. Masakazu Yoshimura, MD and CEO of Toyota Kirloskar Motor (TKM), will concurrently serve as the Regional CEO. With nearly 30 years of experience in various automobile fields, Yoshimura has worked in Japan, China, and South Africa, and has worked in various countries.
Toyota Kirloskar Motor (TKM) has committed to establishing India as a global hub for clean and green technologies by investing INR 3,300 crores in a new plant by 2026. The plant is expected to increase production capacity by 1,000 units annually and create around 2000 new jobs.