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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 |