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Toyota India was established on October 6th 1997. The initial capital investment was of Rs 7 billion. The Toyota Motor Company of Japan has 89% of equity shares and the Kirloskar Group of India has 11% equity shares in their JV called "Toyota Kirloskar Motor (TKM)."
Toyota Motor Company
Toyota Motor Company is a Japanese Multinational Company and is the second biggest automobile manufacturer of the world. It is one of the elite three manufacturing companies of Japan who has the potential to challenge the big American automobile manufacturers.The other two being, HondaMotor and Nissan Motors ,who are equally capable.
It has been estimated that if the production of automobiles by Toyota remains the same then, it will become the world's largest automobile manufacturer by 2008 overtaking, General Motors.
Toyota Kirloskar Motor
The Toyota Kirloskar Motor (TKM) is of the opinion that they would contribute to the growth of the Indian economy by contributing in the automobile sector, technological upgradation and human resource management.
They want to manufacture and sale automobiles in India and make India an export hub as well. They also want to maintain their global standards here with the help of as many as Toyota centers in India.The most important policy of TKM has been the implementation of the Philosophy of "Putting Customer First".
Another very important policy of TKM is to motivate their employees to achieve perfection. They believe that employees are the backbone of the organization and to achieve perfection, the employees must be motivated to work and improve continuously. That's why they maintain corporate culture and ensures maximum stability for their employees. The TKM is also into social service as they understand their responsibility towards society very well.
They are also continuously trying to ensure the betterment of their products and services. As they believe that the path to their success is by providing better services and goods. One of their main aims is to help the Indian economy develop by creating employment opportunities.
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