With enhanced demand resulting in lengthy ready intervals on sure merchandise, the automaker is now trying to arrange a 3rd plant within the nation, sources mentioned.
Nevertheless, particulars in regards to the manufacturing capability, location and funding within the new plant couldn’t be instantly ascertained.
When contacted, a TKM spokesperson mentioned: “We wish to chorus from commenting on speculations and future plans.”
In Could this yr, the corporate initiated a 3rd shift at its Bidadi-based plant close to Bengaluru to boost manufacturing capability by about 30 per cent because it regarded to chop down ready intervals on a few of its fashions.
TKM invested over Rs 90 crore to improve the present infrastructure on the facility and added about 1,500 workforce for the third shift on the plant.The automaker has two amenities throughout the Bidadi compound, which roll out totally different units of merchandise.TKM’s Plant 1 commenced manufacturing in December 1999 and at present rolls out Innova Hycross, Innova Crysta, Fortuner, and Legender.
It has an put in manufacturing capability of 1.32 lakh items each year.
The second plant on the similar web site, with an put in manufacturing capability of two.10 lakh items, rolls out merchandise like Camry Hybrid, City Cruiser Hyryder and Hilux.
The ability commenced manufacturing in December 2010.
The corporate additionally sells fashions like Glanza and Rumion that are sourced from Maruti Suzuki India as a part of a world collaboration between Suzuki and Toyota.
It additionally imports Vellfire and LC 300 as fully constructed up items (CBU). TKM has seen a strong improve in demand for its fashions this yr.
Within the January-August interval, its gross sales grew by 34 per cent to 1,47,192 items from 1,09,669 items in the identical interval of final yr.
With a rise in bookings, the ready interval for among the firm’s merchandise has crossed the one-year mark.
On September 23, the automaker introduced to briefly halt bookings of the E-CNG choice of Rumion MPV to keep away from buyer inconvenience as a result of lengthy ready interval.
In April this yr, TKM briefly halted bookings of high trims of its multi-purpose automobile Innova Hycross owing to produce challenges.
Final yr, it stopped taking orders for the diesel variant of Innova Crysta as a consequence of excessive demand and an elevated ready interval.