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|3rd March 2016, 12:06||#1|
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Toyota Kirloskar Motor gets a new MD
Toyota Kirloskar Motor (TKM) has announced the appointment of Mr. Akito Tachibana as its new Managing Director w.e.f. April 01, 2016.
At present, Mr. Tachibana heads the technical, purchase and quality assurance functions at TKM. Prior to that, he served as Executive Vice President, Toyota Motor Thailand.
Mr. Tachibana has been associated with Toyota for 30 years and served in various divisions such as domestic and overseas planning, used car and product management. Not only has he headed Toyota Motor Vietnam as the President, but he has also been responsible for corporate planning at Toyota Motor Manufacturing North America as well as product planning for North America.
At Toyota Kirloskar Motor, Mr. Tachibana will be replacing Mr. Naomi Ishii, who has been appointed as the General Manager of Corporate Planning Division, Toyota Motor Corporation, Japan (w.e.f. April 01, 2016).
|10th April 2016, 09:34||#2|
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Re: Toyota Kirloskar Motor gets a new MD
Interview of outgoing MD , TOYOTA India operating in losses 2 years back and capacity utilisation of 50 % even today perhaps due to Etios twins large investments and low sale ? , I hear they pay lowest margins to Dealers and their cars have least features , looks their parent company has not made any substantial investments and local units had to reinvest their earnings of past.
Two years later, as Ishii prepares to leave India to head the corporate plan ning division in Japan--his stint ended on March 16--he can look back with satisfaction. The labour unrest has long settled down. While capacity utilisation (50%) and market share (5%) haven't improved much, the company's financials have turned the corner. From a net loss of `63 crore in 2013-14, TKML bounced back a year later with a net profit of `529 crore.Return on sales (an indicator of operational efficiency), at -1.4% in 2013-14, now hovers over 5%.
Last edited by Turbanator : 10th April 2016 at 09:43.
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