As part of this development, Masakazu Yoshimura, MD and CEO of Toyota Kirloskar Motor (TKM) the company s joint venture in India with the Kirloskar group will concurrently be the Regional CEO, Toyota Motor Corporation (TMC) said in a statement.
"Currently, as a part of the Asia Region, the Indian market already enjoys high priority. With this change, India will now play an even more crucial role by being integrated into the Middle East, East Asia & Oceania Region and acting as the hub of the new India, Middle East, East Asia & Oceania Region starting January 1, 2024," a company statement said.
India to lead Toyota's operations across West Asia, East Asia, Oceania thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Kirloskar: TMC further said, "The new reorganisation, which underlines the growing significance of India in Toyota s global business landscape, reflects the increasing potential of the market upheld by its dynamic and skilled workforce."