+
Toyota Kirloskar plans to roll out affordable green models
ECONOMY & POLICY

Toyota Kirloskar plans to roll out affordable green models

Toyota Kirloskar Motor (TKM) intends to introduce more clean technology models, such as hybrids, flex fuel, and hydrogen, at affordable price points over the next three to five years as part of its strategy to reduce reliance on fossil fuel-powered vehicles. Rapid localisation, including sourcing locally made parts and raw materials, will be critical to the plan, according to the company's top officials.

Encouraged by the success of the locally manufactured Hyryder and Innova Hycross hybrid SUVs last year, Toyota is currently testing the flex fuel Corolla Altis, which can run on an ethanol blend of up to 85%. It is also experimenting with hydrogen fuel cell and plug-in hybrid vehicles.

"The goal as we move towards green technologies is to leave no one behind." It does not have to be a specific technology," said Vikram Gulati, Toyota Kirloskar Motor's country head and executive vice president.

Toyota Kirloskar Auto Parts (TKAP) and the Japanese carmaker's local arm have invested Rs 4100 crore in the last year to accelerate the localization of green technologies. This investment was made to enable local manufacturing facilities to produce electric powertrain parts and components, thereby catering to India's electrified vehicle manufacturing.

According to Gulati, the efforts are now beginning to bear fruit. The TKAP facility, which manufactures the electric drivetrain that powers the Hyryder, sources 70% of its parts locally (by volume) and 55% by value. The plant has a capacity of 135,000 e-drivetrains per year, with a third used in the domestic market and the rest exported to several countries, including Japan, according to Gulati, who added that efforts are being made to localise further and reach the levels TKM achieved in Innova.

The TKAP plant that manufactures the e-drive is the first in the Asia Pacific region to be commissioned outside of Japan. The e-drive can be used in both hybrid and plug-in hybrid vehicles, and it is also being exported back to Japan. According to Gulati, the facility is eligible for incentives under the auto productivity linked incentive scheme.

Toyota Kirloskar Motor (TKM) intends to introduce more clean technology models, such as hybrids, flex fuel, and hydrogen, at affordable price points over the next three to five years as part of its strategy to reduce reliance on fossil fuel-powered vehicles. Rapid localisation, including sourcing locally made parts and raw materials, will be critical to the plan, according to the company's top officials. Encouraged by the success of the locally manufactured Hyryder and Innova Hycross hybrid SUVs last year, Toyota is currently testing the flex fuel Corolla Altis, which can run on an ethanol blend of up to 85%. It is also experimenting with hydrogen fuel cell and plug-in hybrid vehicles. The goal as we move towards green technologies is to leave no one behind. It does not have to be a specific technology, said Vikram Gulati, Toyota Kirloskar Motor's country head and executive vice president. Toyota Kirloskar Auto Parts (TKAP) and the Japanese carmaker's local arm have invested Rs 4100 crore in the last year to accelerate the localization of green technologies. This investment was made to enable local manufacturing facilities to produce electric powertrain parts and components, thereby catering to India's electrified vehicle manufacturing. According to Gulati, the efforts are now beginning to bear fruit. The TKAP facility, which manufactures the electric drivetrain that powers the Hyryder, sources 70% of its parts locally (by volume) and 55% by value. The plant has a capacity of 135,000 e-drivetrains per year, with a third used in the domestic market and the rest exported to several countries, including Japan, according to Gulati, who added that efforts are being made to localise further and reach the levels TKM achieved in Innova. The TKAP plant that manufactures the e-drive is the first in the Asia Pacific region to be commissioned outside of Japan. The e-drive can be used in both hybrid and plug-in hybrid vehicles, and it is also being exported back to Japan. According to Gulati, the facility is eligible for incentives under the auto productivity linked incentive scheme.

Next Story
Infrastructure Energy

Bihar Launches Rs 53.4 Billion Green Energy Plan

The Bihar government has taken a major stride towards clean energy with the launch of two new policies and the signing of agreements totalling Rs 53.4 billion. These initiatives aim to generate 2,357 megawatts (MW) of renewable energy through solar, wind, battery storage, and other sustainable technologies.The Bihar Renewable Energy Policy 2025 and the Pump Storage Policy 2025 were officially introduced at an event in Patna. Designed to attract significant investment, the policies seek to position Bihar as a key centre for clean energy projects. Energy Minister Bijendra Prasad Yadav stated tha..

Next Story
Infrastructure Transport

Bids Invited for Rs 62.5 Billion Vizag Metro Project

The long-anticipated Visakhapatnam Metro Project has made significant progress, with the Andhra Pradesh Metro Rail Corporation inviting bids for the first civil contract under Phase 1 of the Vizag Metro. The estimated cost of this contract is Rs 62.5 billion.This engineering, procurement and construction (EPC) contract covers the design and construction of a 46.23 km viaduct spanning three corridors, including a 20.16 km double-decker four-lane flyover cum metro viaduct. The project also comprises 42 elevated metro stations across Visakhapatnam.Recently, SYSTRA Consultancy signed a Memorandum ..

Next Story
Real Estate

Oberoi Realty to Buy Hotel Horizon for Rs 9.19 Billion

A consortium led by Mumbai-listed Oberoi Realty Ltd is set to acquire debt-laden Hotel Horizon Pvt Ltd in Juhu, Mumbai for Rs 9.19 billion (approximately USD 107 million) under a resolution plan approved through India’s Insolvency and Bankruptcy Code (IBC).In a filing to the stock exchange, Oberoi Realty confirmed that the Committee of Creditors of Hotel Horizon had approved the resolution plan, following which a letter of intent was issued. The consortium also includes Shree Naman Developers and JM Financial Properties.As per the resolution plan, the consortium will make a payment of Rs 9.1..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?