Construction Industry News
Toyota Kirloskar Auto Parts company (TKAP) has introduced its new line of electrified components, E-Drive.
In addition, the automaker announced the extension of Phase II of the Toyota Technical Training Institute (TTTI), which aims to transform rural, deserving and economically disadvantaged students into first-rate deployable technicians.
Recently, Toyota Group companies have expressed their intention to invest Rs 4,800 crore in Karnataka's domestic production of electric car powertrain parts and other components.
Together, TKM and TKAP would invest Rs 4,100 crore of the entire investment with Toyota Industries Engine India (TIEI), an affiliate, contributing the remaining Rs 700 crore.
E-Drive is a Production-Linked Incentive (PLI)-approved Advanced Automotive Technology (AAT) with a high-speed motor.
TKM is still committed to mass electrification with Make in India not only for domestic use but also for export.
According to Toyota Kirloskar Motor (TKM), producing electric vehicle (EV) parts in India on a global scale and quality with advanced skills is necessary to significantly reduce the cost of hybrid vehicles (xEV).
It added that because all xEV technologies complement each other and share common EV components, a technology-neutral strategy can help achieve large-scale economies and investment viability on this front.
According to media sources, the advanced E-Drive plant at Bidadi in Karnataka has been built with an annual capacity of 135,000 to make and supply electrical components for the production of clean cars, providing a robust supply chain for sustainable transportation.
With TTTI, Toyota claims to close the skills gap and give young people in Karnataka the best education in advanced technology.
With a capacity expansion from 200 to 1,200 students, TKM has undergone a major expansion of TTTI to produce high-quality workforce in new technologies and production (academic batch-wise).
Vikram S. Kirloskar, Vice-President of Toyota Kirloskar Motor, told media that with the recent signing of the Memorandum of Understanding (MoU), their clear objectives are to usher in large-scale investment to further reduce carbon emissions, create more employment creating, creating a local manufacturing hub not only for domestic needs, but also for global markets, local community development and progress in innovation.
