With the automobile industry yet to look up from its downturn, Toyota Kirloskar Motor (TKM) has said its own business condition is becoming "critical".
It has announced no production for four days at its factory in Karnataka, due to market conditions. There will be no production at plants I and II on October 3, 4, 5 and 9.
"The future of TKM is very challenging," said the company in a general communication to all workers, requesting all to understand the “criticality” of the situation.
"We follow a norm to ensure that dealers do not have more than 15 days plus transit stock. We modify the time to make a vehicle under the Toyota Flexible Production System to manage the plant output. Usually, the takt time is adjusted as per market demand. The production days have been lowered owing to the festive holidays and also the inventory corrections that have to be made for the upcoming BSVI transition," the spokesperson said.