Published on Wed, Sep 13, 2006 at 09:04 | Source : Moneycontrol.com
Updated at Wed, Sep 13, 2006 at 09:20
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Toyota Kirloskar Auto plans to raise production
Toyota Kirloskar Auto Parts (TKAP) plans to increase production of manual transmission parts to 2.3 lakh units next year and wipe out losses of around Rs 70 crore in another two-three years.
Toyota Kirloskar Auto Parts (TKAP) plans to increase production of manual transmission parts to 2.3 lakh units next year and wipe out losses of around Rs 70 crore in another two-three years.
The increase in production to 2.3 lakh units from the existing 1.7 lakh units will also depend on the finalisation of the small car project of Toyota Kirloskar Motor, a company official told Business Line. The small car project is expected to be finalised in another six months, the official said. Another Rs 40 crore may be needed for expanding the existing capacity, the official said.
TKAP is also expected to start making profits this year itself. Currently, TKAP produces 1.7 lakh units of gearboxes utilising 95 per cent of the existing capacity.
Transmission parts
The transmission parts are manufactured at both TKAP as well as at Kirloskar Toyoda Textile Machinery. Toyota has invested around Rs 400 crore in both the plants for manufacturing the transmission parts. The total revenue of TKAP is around Rs 500 crore for 2005-06.
TKAP is also expected to start making profits this year itself. Currently, TKAP produces 1.7 lakh units of gearboxes utilising 95 per cent of the existing capacity. 
