Rs. 13,88,177 – 20,77,930 (Delhi)
Rs. 1,29,01,326 – 1,29,01,326 (Delhi)
Toyota Motor Corporation is an automaker in the Aichi region of Japan. It employs 317,734 people worldwide. The company was founded in 1937 by Kiichiro Toyoda.
Toyota started its operations in India in 1997. It invested Rs. Seven billion in the company. The Toyota Motor Company has 89% of equity shares and the Kirloskar Group has 11% equity shares in Toyota Kirloskar Motor Company. Toyota is a Japanese company while Kirloskar is an Indian Company.
Toyota has global sales of 8,152,884 in Japan, 8,771,495 in Europe, 3,346,013 in Asia and 1,707,742 in other parts of the world.
In 2010 in the Canada market Toyota has sales of 172,000 vehicles, in the U.S.A of 1763000 vehicles, in Argentina of 32,000 vehicles, in Brazil 99500 vehicles, in Mexico of 47,000 vehicles, of Venezuela of 18400 vehicles, and Europe of 785000 vehicles. In South Africa of 98,000 vehicles, in China 857000 vehicles, in Taiwan 101700 vehicles, in India 74500 vehicles, in Indonesia, 281000 vehicles, in Malaysia, 92,000 vehciles, in Pakistan 47400 vehicles, in Philippines 57000 vehciles, in Thailand, 326000 vehicles, in Australia 221000 vehicles.
Sakichi Toyoda invented Japan's first power loom, revolutionizing the country's textile industry. In 1924, he created the Toyoda Spinning and Weaving Company, and with the help of his son, Kiichiro Toyoda, Sakichi built an automatic loom.
In 1926, Toyoda Automatic Loom Works was created. Kiichiro was also an innovator, and visits he made to Europe and the USA in the 1920s introduced him to the automotive industry. Sakichi Toyoda received the £100,000 for selling the patent rights of his automatic loom, and Kiichiro laid the foundations of Toyota Motor Corporation in 1937.
Toyota Production System was established. Kiichiro's "just- in-time" philosophy - producing only precise quantities of already ordered items with the absolute minimum of waste - was a key factor in the system's development. The Toyota Production System began to be adopted by the automotive industry across the world.
Toyota has a 40% market share in Japan. The first Crown models arrived in the USA in 1957, and by 1965, with models such as the Corolla, Toyota began to build its reputation and sales to rival those of domestic producers.
Toyota was imported into Europe was via Denmark in 1963. Toyota has continued to grow in Europe's sophisticated and complex market, and in 2000 the company delivered its ten millionth car to a customer in Germany.
Kiichiro Toyoda was born on 1894 in Japan and died on March 27, 1952 in Japan. He is the founder of Toyota Motor Corporation. He was the son of the Toyota Loom Works founder Sakichi Toyoda. He decided to take the loom works to make it the Toyota Motor Corporation, the worlds largest automobile manufacturer.
He became the president of Toyota between 1941 and 1950. Shoichiro Toyoda his son, became the president of Toyota between 1982 and 1992. His 54 year old son Akio Toyoda was the chief contender for the office of president when Katsuaki Watanabe became the chairman. Kiichiro Toyoda was born on Feb 17, 1925.
Kiichiro Toyoda converted Toyoda Loom Works to automobiles. Before his father died, he convinced him to start an automobile business which is now known as the Toyota Motor Corporation. He resigned from the company and died soon after. His cousin took charge and years later formed the luxury brand Lexus.
He studied engineering in the University of Tokyo then traveled to England where he worked at Platt Brothers and Company. He came to the United States and studied American manufacturing techniques. He then joined his father’s business. He then convinced his brother Risaburo Toyoda to fund research in automaking. He disassembled the Chevrolet and re-assembled it. He built his first powered engine. In 1935, he build his first prototype car combining Ford and Chevy parts.
Toyota’s vision and values are to honor the language and spirit of every nation, respect the culture and customs of every nation, dedicate business to providing great products, create and develop advanced technologies and provide great products, foster a corporate culture, pursue growth through global community and innovative management, work with business partners.
Toyota believed that one must be faithful to their duties, be studious and creative, be practical, build a homelike atmosphere at work, have respect for spiritual matters.
Toyota aims to improve its business achievements and promote a work environment where each person can work in a dynamic manner. They continue to improve their business performance with Toyota.
Toyota wants to improve its business performance and maintain great working conditions. Toyota needs to provide its customers with great products.
The chairman of Toyota is Fujio Cho. Akio Toyoda became the new president and CEO of the company on June 23, 2009 by replacing Katsuaki Watanabe who became the vice chairman by replacing Katsuhiro Nakagawa. The representative director is Kazuo Okamoto. The Executive VP and representative directors are Takeshi Uchiyamada, Yukitoshi Funo, Atsushi Niimi, Shinichi Sasaki, Yoichiro Ichimaru and Satoshi Ozawa. It has 15 senior managing directors. It has 2 directors, 7 corporate auditors, 3 senior managing officers, and many managing officers.
Toyota in collaboration with Daihatsu Motor Company manufactured 8.54 million vehicles in 2005, about 500,000 fewer than those produced by General Motors.
Here are the statistics of Toyota worldwide:
Toyota has a large market share in the United States. It is the highest seller of cars in Australia. It has a large number of cars selling in South East Asia due to its subsidiary Daihatsu which operates from South East Asia. However, in Europe it has a really small market share.
Toyota ranks 5th in the world in terms of its production numbers. Toyota produces the Lexus brand whose market share struggled in Europe. It has 3/10th of 1% market share compared to 2% market share as the US luxury segment leader.
In 2007, Toyota had produced 2.348 million pieces of cars. The most prominent cars for Toyota are the Corolla and Camry sedans. GM ranks number 1 in market share in the United States while Toyota ranks number 2 with a 16% U.S. market share.
In January 2009 it announced the closure of all of its Japanese plants for 11 days to reduce output and stocks of unsold vehicles.
Toyota believes a lot in innovation. Toyota develops concept cars like the p.o.d or the FXS. These will satisfy the needs of tomorrow’s drivers.
Toyota’s engines are of supreme quality and represent engines of high design, and quality standards. Toyota has variable valve technology petrol engines, common rail turbo diesels and the Toyota Hybrid system.
There is also an advanced steering, braking and traction control technologies. The technologies provide body and chassis to provide protection while the SRS bags are in place in case of a collision.
Toyota has the j-Factor in design. Part of this is miniaturization. There is a car called the iQ which is less than 3 meters long but can carry up to four passengers. This is through innovative technology. Design is also green. The Prius dashboard is based on patterns found in leaf veins.
Toyota cars have the VVT -1 and the D-4D engines. The VVT1 engine is computer controlled and varies the timing and opening and intake of valves. It enables higher performance. It consists of three major units - the Electric control unit - which calculates intake valve timing, the oil control valve which controls hydraulic pressure, the VVT pulley which changes the intake valve timing in hydraulic pressure.
The D-4D is one of the diesel technologies on the market today. They are available in many cars including the Yaris and the Yaris Verso.
Toyota’s common rail system makes use of the pump to deliver the right amount of fuel and work properly.
Toyota has its North America head quarters in USA. They are located in Toyota Motor North America and was established in March 1996. They liaison, and have public relations and survey through North America. The second office is Toyota Motor Engineering and Manufacturing North America - R&D and overall supervision of manufacturing in North America. In Belgium in Europe, there is Toyota Motor Europe which does coordination of Toyota’s European business.
Then there is Toyota Motor business in Singapore. Its called the Toyota Motor Asia Pacific and they have parts supply to all ASEAN countries and sales support marketing in Asia. Then there is the Toyot Motor Asia Pacific Engineering and Manufacturing. They are responsible for the development and evaluation efforts for locally produced vehicles and operation support for Toyota in Asia and the Middle East.
Toyota has 11 manufacturing companies in North America, 4 in Latin America, 8 in Europe, 2 in Africa, 23 in Asia, 1 in Oceania, 1 in the Middle East.
They have offices in USA, Bangladesh, Australia, Vietnam, Thailand, Philippines, Pakistan, Malaysia, Indonesia, India, Taiwan, China, South Africa, Kenya, Russia, UK, Turkey, Portugal, Poland, France, Czech Republic, Venezuela, Mexico, Brazil, Argentina, and Canada.
In India, Toyota has an office in Bangalore at the Vittal Mallaya Road. It has it’s Head Office in Toyota City,
Japan and another couple of offices in Koraku, Bunkyo-ku, Tokyo and Meieki Nakamura-ku, Nagoya City, Aichi Japan.
Toyota is making India the global manufacturing hub for small cars. It is planning to make India the export base for mid-size cars. Exports from India would go to Brazil, Argentina, Europe, Malaysia and South Africa.
Toyota Kirloskar Motors the Indian arm of Toyota, will export the Etios and Liva to emerging markets, but no specific markets have been announced.
Toyota Innova is planning to have certain changes to its body. It will have a front end look. Toyota engineers are looking at ways to improve the third row seating space without increasing the length of the car.
The company is also planning to make a 5 seater MPV based on the now famous Toyota Etios platform. This is to plug in the gap between the Etios Q sedan and the Toyota Corolla. India’s largest car manufacturer, Maruti Suzuki India Limited are also planning on a 5 seater luxury MPV which would be code named R3 and would be launched at around 2012.
Future variants of the same platform would however depend on the success of the Toyota Etios Q and the Etios Liva. The 2012 Toyota Innova would is re-engineered for it to have a more flexible seating arrangement and also to have different interiors than the more up market Toyota Fortuner SUV.