Toyota Kirloskar Motor is a joint venture between Toyota Motor Corporation of Japan and Kirloskar Group of India. Toyota Motor holds 89% equity of the company. Camry, Corolla, Prado and Innova are the successful cars of Toyota on Indian roads.
|Year of Establishment
||October 6, 1997
||Toyota Motor Corporation
||Toyota Motor Corporation (89% equity)
Kirloskar Group (11% equity)
6th floor, Meridian Commercial Tower
8 Windsor Place, New Delhi - 110 001
Sana Plaza, 21/14A, MG Road
Bangalore - 560 001
||1, Toyota-cho, Toyota City
Aichi Perfecture 471-8571, Japan
Toyota is one of the biggest vehicle manufacturers in the world and is widely known. The company started by inventing the first power loom in Japan at the end of the nineteenth century and revolutionized the textile industry of the country. In 1918, Toyoda Spinning and Weaving Company was established by Sakichi Toyoda and his son Kiichiro Toyoda. Sakichi fulfilled his lifelong dream by creating an automatic loom in 1924. Toyoda Automatic Loom Works followed in 1926. In the 1920, Kiichiro introduced himself in the automotive industry. He laid the foundation of Toyota Motor Corporation that was established in 1937.
Soon Toyota became the largest vehicle manufacturer in Japan with more than 40% market share. It made inroads into foreign markets in the late 1950s. The first Crown models launched in the USA in 1957. After that by 1965, models like Corolla build its reputation and sales.
In India, Toyota Motor Corporation has launched with a joint venture with Kirloskar Group as Toyota Kirloskar Motor Ltd. (TKM).