Toyota Kirloskar Motor Announces the Inauguration of its first Regional Stockyard in Northern India
New stockyard at Faruknagar in Haryana promises quicker delivery of vehicles delighting customers across seven states in North India
Bangalore 15th December, 2022: In line with its Customer-First philosophy of enabling easy access to world-class products and services to its customers, Toyota Kirloskar Motor (TKM) today announced the inauguration of its first regional stockyard at Faruknagar in Haryana.
Ensuring a leaner and efficient distribution network across the region, the strategically located stockyard will reduce delivery time from the current 6-8 days to a maximum of two days for dealers in Punjab, Haryana, Rajasthan, Uttar Pradesh, Himachal Pradesh, Uttaranchal and Jammu & Kashmir. This development by TKM will also benefit customers in the region who will now have speedier access to their favourite Toyota vehicles as a regional stockyard will ensure deliveries in the shortest possible time to dealers, considering proximity and availability to vast stock of all Toyota vehicles.
The five-acre stockyard which has a parking capacity of 900 vehicles, is the second such for TKM, following the launch of its first regional stockyard in Guwahati in 2020. The regional stock yard I Guwahati has majorly benefitted the dealers and customers in the North-eastern region of India. Furthermore, the Faruknagar stockyard will aid in speed, flexibility, cost reductions and more importantly CO2 reduction for, as dispatches from the TKM plant to the stockyard will be maximised through trains journeys. Currently, 60% of total TKM dispatches take place through trains and our aim is to increase the same to 80%, while being able to deliver 5,000 vehicles per month.
Commenting on the inauguration, Mr. V. Wiseline Sigamani, General Manager, TKM, said, “We are elated to announce the inauguration of our first regional stockyard in Haryana. The Northern part of India is a very important market for us and the strategic location at Faruknagar, will further enable us to cater to the customer base in this market with ease, keeping our objective of customer-first approach. As a pioneer in green mobility solutions, Toyota is leading the way towards a better tomorrow and has always put an emphasis on environmentally sustainable solutions in everything we do, be it material sourcing, manufacturing, or sales & services. By being in close proximity to our patrons through the regional stockyard, we are not only able to reduce transit costs but also reduce CO2 emissions significantly in the process, through reduced logistics”.
TKM’s current product line-up in India includes the all-new Innova Hycross & the Urban Cruiser Hyryder, a compact SUV that appeals to the young and discerning customers. Apart from being present in the premium segment with the Camry Hybrid & the Vellfire, both the Innova HyCross as well the Urban Cruiser Hyryder will be available with Toyota’s Self-charging Strong Hybrid Electric variant, thereby reiterating TKM’s efforts towards “Mass Electrification”, as well as providing more options for customers to choose from. TKM also offers the Innova Crysta, Fortuner and Legender in the Indian market, and these flagship models have been enjoying leadership position in the MPV and SUV segments. Another Toyota vehicle, which has seen tremendous response from the youth and first-time buyers, is the premium hatchback, Glanza and is being offered by TKM in the
In the last two years, Toyota opened 22 new customer touch points in North India thus covering majority of Market from customer touch points in North, including sales and service; customers can find more details about these Toyota touch points on https://www.toyotabharat.com/find-a-dealer/.
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. 6,000 |
| 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 Camry Hybrid |
| Installed Production capacity | Up to 2,10,000 units |
