Toyota Kirloskar Auto Parts company (TKAP) has introduced its new electrified components line, E-Drive.
In addition, the automaker announced the extension of phase II of the Toyota Technical Training Institute (TTTI), aiming to turn rural, deserving, and economically underprivileged students into top-notch employable technicians. Recently, Toyota Group companies declared their intention to invest Rs 4,800 crore in Karnataka's domestic production of electric car powertrain parts and other components. Together, TKM and TKAP would invest Rs 4,100 crore of the entire investment, with Toyota Industries Engine India (TIEI), a linked firm, contributing the remaining Rs 700 crore. E-Drive is a Production-Linked Incentive (PLI)-approved Advanced Automotive Technology (AAT) with a high-speed motor. TKM is still dedicated to mass electrification with Make in India, not just for domestic use but also for exports. According to Toyota Kirloskar Motor (TKM), producing Electric Vehicle (EV) parts in India at a global scale and quality with advanced skill levels is necessary for achieving a considerable decrease in hybrid vehicle (xEV) costs. It added that because all xEV technologies complement one another and share common EV components, a technology-neutral strategy may help the realisation of large-scale economies and the viability of investment on this front. According to the media sources, the advanced E-Drive factory at Bidadi in Karnataka has been built with a 135,000 annual capacity to create and supply electrified parts for the manufacture of clean cars, providing a robust supply chain for sustainable transportation. With TTTI, Toyota claims to close the skills gap and give young people in Karnataka the greatest training in cutting-edge technology. With a capacity increase from 200 to 1,200 students, TKM has undergone a major expansion of TTTI to produce top-tier labour in new technologies and manufacturing (academic batch-wise). Vikram S. Kirloskar, Vice Chairman of Toyota Kirloskar Motor, told the media that with the recent memorandum of understanding (MoU) signing, their clear objectives are to usher in large-scale investment to make deeper cuts in carbon emissions, higher employment generation, creating local manufacturing hub not only for domestic needs but also for global markets, local community development, and advancement in innovation. Image Source