Bangalore –Toyota Kirloskar Motor (TKM) today announced its decision to implement a price increase for Camry Hybrid Electric Vehicle and The Vellfire with effect from July 2020. The impending hike have been necessitated due to the substantial rise in exchange rate.

Touted as one of Toyota’s flagship models amongst self-charging electric vehicles, the new generation Camry Hybrid Electric Vehicle redefines luxury sedan experience with its dynamic performance, styling & comfortable interiors.  The Vellfire, latest launch by TKM in India, also stands out for its ultra-luxurious, powerful and eco-advanced performance backed by low fuel consumption and carbon footprints.

Since their launch, both the models have received overwhelming response and have seen a steady demand in the Indian market.

 

Overview of TKM:

Company name	Toyota Kirloskar Motor Private Limited
Equity participation	TMC: 89%, Kirloskar Systems Limited (Mr. Vikram S. Kirloskar): 11%
Number of employees	Approx. 6,500
Land area	Approx. 432 acres (approx.1,700,000 m2)
Building area	74,000 m2
Total Installed Production capacity	Up to 3,10,000 units

Overview of TKM 1^st Plant:

 

Established	October 1997 (start of production: December 1999)
Location	Bidadi
Products	Innova, Fortuner manufactured in India. Vellfire imported as CBU
Installed Production capacity	Up to 1,00,000 units

Overview of TKM 2^nd Plant:

 

Start of Production	December 2010
Location	On the site of Toyota Kirloskar Motor Private Limited, Bidadi
Products	Toyota Yaris, Camry Hybrid
Installed Production capacity	Up to 2,10,000 units