In the last four months, TKM
has lost an average of about Rs 15 crore every month, totalling to about Rs 60 crore.
Commenting on the occasion, Hiroshi Nakagawa, Managing Director, TKM
said "With the launch of Etios, TKM
embarked on a very important and challenging journey and this is an important milestone.
Kirloskar , Vice Chairman, Toyota Kirloskar Motor (TKM
) handed over a cheque of Rs.
Also present at the event were Vikram Kriloskar , Vice Chairman , TKM
and Hiroshi Nakagawa, Managing Director, TKM
's parts sourcing is getting back on track, production will return back to normal levels starting 20th May, 2011.
Commenting on the accomplishment, Vikram Kirloskar, Vice Chairman, TKM
, said, "It is a very proud moment for all of us in Toyota Kirloskar Motor as we flag off the first ever Etios export consignment to South Africa.
Sailesh Shetty, VP-Sales, TKM
was quoted as saying "The response to our cars at the Auto Expo earlier this month was encouraging, and we are looking forward to a successful entry into the Indian motorsport scene with Etios Motor Racing.
The largest SUV in India from TKM
has a mammoth 70 percent segment share and continues to do good sales volumes.
A senior official of Toyota Kirloskar Motor (TKM
) stated that the automaker would wait for the charging infrastructure to develop before deciding on electric vehicles.