Her appointment as Director, comes after the untimely passing of her father, late Vikram S Kirloskar, former Chairman & Managing Director, KSPL. His wife, Geetanjali Kirloskar, has already taken charge as the new Chairman & Managing Director at KSPL
"Yes, there is deep pain, but this is one loss that can be soothed with celebration," Geetanjali Kirloskar wrote.
Paying their tributes, several business leaders called Vikram Kirloskar a pioneer in the automobile industry in India.
Vikram Kirloskar’s wife is Geetanjali Kirloskar. The couple’s daughter is Manasi.
Kirloskar recognised the transformative possibilities of Toyota’s efficient manufacturing practices. In tying up with the Japanese company, he showed maturity and foresight. Their partnership has stood the test of time, even as many others in the automobile space fell by the wayside
Vikram Kirloskar, Vice Chairperson of Toyota Kirloskar Motor, died of a heart attack on November 29. He was 64.
Vikram Kirloskar dies of heart attack at the age of 64. His funeral will be at Hebbal Crematorium on November 30
Although at the moment India cannot afford to slash the tax rate on automobiles drastically, he said a plan to reduce cess on the industry can be looked at considering the sector's contribution to the overall GDP of the country.
The company, which on Friday unveiled Innova Hycross -- the new hybrid version of its popular multi-purpose vehicle Innova -- also expects full capacity utilisation at its two manufacturing units in Bengaluru by the middle of next year.
Observing that "times are challenging", Kirloskar said the industry has sought a moratorium on all loan repayments and urged the Reserve Bank to cut interest rates and increase liquidity in the system.
The Supreme Court verdict banning BS III vehicles from April will have to be respected but it is "frustrating" that the existing law allowing sale of these vehicles was ignored, Automobile industry SIAM said today.
As a company, we have taken a stand that in the long-term we go with global safety standards and global emission standards, said Vikram Kirloskar, Vice Chairman, Toyota Kirloskar Motor.
The National Green Tribunal (NGT) on Monday ordered the Delhi Road Transport Department to de-register all diesel cars which are older than 10 years.
At the meet, Vinod Dasari, President of SIAM, also relayed his thoughts on the recent ban on registration of 2000cc+ cars in New Delhi, pointing out that less than 20 percent of pollution actually comes from auto emission in the city and he wishes the myth that cars are polluting India is dispelled.
A Supreme Court decision on Wednesday to alleviate the smog-choked capital has unsettled India's car industry, which says an uneven, haphazard policy makes it hard to plan investments and allows damaging regulatory arbitrage across states.
The industry players also called for a comprehensive view of various factors causing pollution to deal with the problem.
Watch the interview of Vikram Kirloskar Former President, SIAM with Kritika Saxena on CNBC-TV18, in which he shared his reading of how the ban on new diesel cars in Delhi will impact the auto industry.
Wadhera is President and Chief Executive--Truck and Powertrain-- at Mahindra & Mahindra while Kiloskar is Vice Chairman of Toyota Kirloskar Motor
Commenting on the land bill, he said it "is stuck but it does not impact us because we have all the land we need in Gujarat plant for our expansion over the next few years".
Sounding cautious, Vikram Kirloskar, president of SIAM — the apex organisation representing vehicle and vehicle engine manufacturers in the country— said sales in the industry have been down and it is hard to tell if the sector is out of the woods.
Commercial vehicle segment which was down last two years has taken off now . With further recovery in economy, uptick in infra projects could propel growth for that segment, Vikram Kirloskar, president, SIAM.
Vikram Kirloskar, President, SIAM, sees a better auto sales growth in FY16 as against FY15 in case the interest rates improve
In an interview with CNBC-TV18, Vikram S Kirloskar, President of Society of Indian Automobile Manufacturers (SIAM), discussed January auto sales, and said that while passenger sales were decent though two-wheeler sales were not as good as expected.
Vikram Kirloskar believes the auto industry grew just 2-3 percent last year but this year it is expected to double its growth to around 5 percent.
According to Vikram Kirloskar, the overall auto industry has been hurt even with a lower duty and so, with a high duty it is going to be even harder.