Toyota Kirloskar Motor Announces Upcoming Price Hike for Camry Hybrid & Vellfire Models

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.

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SMEStreet Edit Desk
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Vellfire, Toyota, Camry Hybrid

Toyota Kirloskar Motor (TKM) 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 an 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 1st 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 2nd 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
Toyota Camry Hybrid Toyota Kriloskar Motor Velfire