Bengaluru: Toyota Kirloskar Auto Parts has announced it has commenced production at a new engine and transmission plant for the Etios range of sedans and hatchback cars in India. Toyota Kirloskar Auto Parts is a joint venture between Toyota Motor Corporation and and Toyota Industries Corporation, both from Japan, and Bangalore’s Kirloskar Systems.
Production at the new plant involves an investment of about Rs 500 crore. At the new plant, the annual capacity for engines is 1,08,000 units, while that for transmissions is 2,40,000 units. Toyota Kirloskar Auto Parts also produces R-type manual transmissions that are exported to Thailand and Argentina, along with transmissions for Fortuner models manufactured in India.
The company also produces axles and propeller shafts for the Innova models manufactured in India.
Vikram Kirloskar, vice-chairman, said, “With the commencement of Toyota Kirloskar Auto Parts’ engine and transmission plant, localisation of gasoline engines and transmissions has marked a milestone in the growth of Toyota in India.”
The local production of the engine and transmissions for Etios raises the localisation ratio to over 90 per cent.”
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