Japanese car manufacturer Toyota announced that it will hire approximately 1,500 individuals for its Indian operations by the coming year (2012) as it steadily strengthens its production capacitance in the Indian market.
The company, which is present in the country via a JV with the Kirloskar Group, is making an investment of Rs 1,650 crore to strengthen its production capacitance by one lakh units and for raising localization of components by the next three years.
On the sidelines of an Automotive Component Manufacturers Association (ACMA) summit, Toyota Kirloskar Motor (TKM) Deputy Managing Director (Commercial) Shekar Viswanathan said, “We will be hiring about 1,500 permanent employees by 2012 to meet our expansion demand. In addition to this, we will hire some contract workers also.”
The company will employ people crosswise different disciplines as the growth programme steadily unfolds.
Presently, the company is expanding the combined capacitance of its two plants in Bangalore to 2.1 lakh units as against 1.5 lakh units by the coming year.
Afterward, the capacitance at the first facility will be increased further to 1,00,000 units as compared to 90,000 units, whilst the production at the second facility will be augmented to 2,10,000 units as against 1,20,000 units.
The company has made an investment of Rs 3,200 crore to establish its second manufacturing plant, with an opening installed capacitance of 70,000 units yearly, which is now being elaborated to 1.2 lakh units each year.
Toyota had also declared plans to construct an engine facility, and swell its transmissions capacitance at a collective investment of Rs 500 crore to fulfill the demand of its Etios and Liva models.
In addition, the company will roll out the diesel versions of its small car Liva and sedan Etios in the Indian market on September 9.
The company had launched the petrol edition of the Etios in 2010, whilst the Liva model was introduced in June 2011.
At the present moment, Toyota has capacitances in position to make 6,000 units of the Etios and Liva on a monthly basis.
It will boost the production capacity to 6,800-7,000 units per month by October 2011, comprising the diesel versions.
Thus far, the company has sold around 30,000 units of the two models since their respective launches.