Toyota mulls localisation to insulate business from supply chain issues, forex fluctuations

Business Today | Aug 2, 2020 at 1:04 PM
  • Automobile manufacturer Toyota Kirloskar Motor (TKM) is mulling to localise more of its products as well as technologies to de-risk its business from supply chain challenges and forex fluctuations.
  • As part of Toyota’s global collaboration with Suzuki Motor Corp, the systems could also be supplied to Maruti Suzuki India.
  • In March 2018, Toyota Motor Corp and Suzuki Motor Corp (SMC) concluded a basic agreement for supplying hybrid and other vehicles to each other in the Indian market.