Toyota Kirloskar Motor Announces Upcoming Price Hike for Camry Hybrid & Vellfire models

Anando Sangbad Live:Toyota Kirloskar Motor (TKM) today announced its decision to implement a price increase for Camry Hybrid Electric Vehicle and The Vellfire with effect from July 2020. The impending hike have been necessitated due to the substantial rise in exchange rate. Touted as one of Toyota’s flagship models amongst self-charging electric vehicles, the new generation Camry Hybrid Electric Vehicle redefines luxury sedan experience with its dynamic performance, styling & comfortable interiors. The Vellfire, latest launch by TKM in India, also stands out for its ultra-luxurious, powerful and eco-advanced performance backed by low fuel consumption and carbon footprints.Since their launch, both the models have received overwhelming response and have seen a steady demand in the Indian market.Overview of TKM:Company nameToyota Kirloskar Motor Private LimitedEquity participationTMC: 89%, Kirloskar Systems Limited (Mr. Vikram S. Kirloskar): 11%Number of employeesApprox. 6,500Land areaApprox. 432 acres (approx.1,700,000 m2)Building area74,000 m2Total Installed Production capacityUp to 3,10,000 unitsOverview of TKM 1st Plant:EstablishedOctober 1997 (start of production: December 1999)LocationBidadiProductsInnova, Fortuner manufactured in India.Vellfire imported as CBUInstalled Production capacityUp to 1,00,000 unitsOverview of TKM 2nd Plant:Start of ProductionDecember 2010LocationOn the site of Toyota Kirloskar Motor Private Limited, BidadiProductsToyota Yaris, Camry HybridInstalled Production capacityUp to 2,10,000 units

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