Toyota looks at localisation to de-risk business from supply chain crisis

The auto major also plans to locally manufacture hybrid systems in the country

Toyota Kirloskar Motor (TKM) is looking at enhancing localisation of its products as well as technologies as it aims to de-risk its business from foreign exchange fluctuations as well as supply chain challenges, according to a senior company official.

The company, which is a joint venture between Japanese auto major Toyota and the Kirloskar Group, is increasing local content in car manufacturing as well as planning to produce hybrid systems in the country.

"We are looking at localisation not only because of Made in India initiative. Backward integration also insulates from exchange rate fluctuations and makes supply chain shorter," TKM Senior Vice