Toyota Motor Corporation (TMC) has announced a significant regional restructuring, reemphasizing India’s pivotal role in the company’s global strategy. Starting January 1, 2024, India will be integrated into the Middle East, East Asia & Oceania Region, acting as the hub of the new “India, Middle East, East Asia & Oceania Region.” This move highlights the growing significance of India in Toyota’s global business landscape and the potential of the market upheld by its dynamic and skilled workforce.
As part of this development, Mr. Masakazu Yoshimura, MD and CEO of Toyota Kirloskar Motor (TKM), will concurrently be the Regional CEO. Yoshimura, with nearly 30 years of experience in various automobile fields, has successfully launched several world-class products.
To celebrate 25 years of operations in India, Toyota Kirloskar Motor (TKM) has announced priority investments to establish India as a global hub for manufacturing clean and green technologies. In November 2023, the company announced INR 3,300 crores for a new plant by 2026, aiming to boost the local manufacturing eco-system and create “mobility for all.” The new plant is expected to ramp up production capacity by 1,00,000 units annually and generate around 2000 additional employment.