May 2020 \ Business & Investment \ BUSINESS AND GOVERNANCE
Toyota has zero domestic Sales

The prolonged nationwide lockdown to contain the coronavirus ...

Even as the company waits for resuming operations, its dealers received some enquiries, indicating some movement in the market in hard times. “To assist our home-bound customers, we have digitized our sales process to enable them have a 360-degree product views for a virtual tour of our vehicles, select finance options and get their prices online,” said Soni.

“The vehicle will be delivered at the customer’s doorstep on buying it,” added Soni. The over-22-year-old subsidiary of the Japanese auto giant also phased out Etios series and Corolla Altis model by the end of last fiscal (2019-20) though it will service the models with its customers through its outlets across the country.

As a parent company, the Tokyo-based Toyota Motor Corporation has 89 per cent equity stake in TKM, with 11 per cent of Kirloskar Systems Ltd Vikram S.Kirloskar. The company has about 6,000 employees with two production plants at Bidadi in Ramangaram, having 3.1-lakh units per annum combined capacity. Bidadi is about 40km southwest of Bengaluru on the Mysuru state highway.




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