Toyota Bets On Localisation To De-Risk Business From Supply Chain, Forex Woes

Bloomberg Quint | Aug 2, 2020 at 3:29 PM
  • Toyota Kirloskar Motor is looking at enhancing localisation of its products as well as technologies as it aims to de-risk its business from foreign exchange fluctuations as well supply chain challenges.
  • The company, a joint venture between Japanese automaker Toyota and Kirloskar Group, is increasing local content in car manufacturing as well as planning to produce hybrid systems in the country.
  • As part of Toyota’s global collaboration with Suzuki Motor Corp., the systems could also be supplied to Maruti Suzuki India.