1 year ago
Toyota Renews Agreement to Boost Car Exports via Kamarajar Port
Toyota, a car company, has renewed its deal with Kamarajar Port to keep sending cars to other countries.
They've been using this port since 2012 to ship cars like the Toyota Etios and the Urban Cruiser Hyryder.
They send these cars to places like South Africa, France, and Saudi Arabia.
This new agreement helps Toyota send more cars and supports the idea of making India a big place for car exports.
The port is happy to help Toyota and wants to keep improving how it helps companies export goods.
Toyota Kirloskar Motor (TKM) renewed its agreement with Kamarajar Port Limited (KPL).
The agreement strengthens TKM’s global supply chain and export of vehicles.
KPL has been TKM's main export hub since April 2012.
TKM exports its Urban Cruiser Hyryder to 22 countries.
Over 180,000 CBUs have been shipped via KPL to date.
- Who
- Toyota Kirloskar Motor (TKM) and Kamarajar Port Limited (KPL).
- What
- Toyota Kirloskar Motor (TKM) renewed its agreement with Kamarajar Port Limited (KPL).
- Where
- The agreement was formalized at Kamarajar Port in India.
- When
- The agreement was renewed recently.
- Why
- To strengthen TKM’s global supply chain and continue exporting vehicles.
Toyota's Stance
Kamarajar Port's Stance
Mutual Commitment
Toyota's Stance
The agreement strengthens TKM’s global supply chain.
Kamarajar Port's Stance
The port is committed to scaling new horizons in automotive exports.
Key facts
- Companies Involved
- Toyota Kirloskar Motor (TKM), Kamarajar Port Limited (KPL)
- Agreement Type
- Wharfage Rate Agreement
- TKM's Primary Export Hub
- Kamarajar Port
- First Export Year
- April 2012
- Vehicle Exported
- Urban Cruiser Hyryder
- Countries Exported To
- 22
- Total CBUs Shipped
- Over 180,000
Quotes
Sunil Paliwal, IAS
Chairman, KPL & Chennai port Authority
“As India’s manufacturing sector expands and global automotive demand evolves, we are well-positioned to support industry leaders like Toyota with sustainable, future-ready port operations.”
financialexpress.com
“Toyota Kirloskar Motor has been one of our earliest and most consistent automotive partners, and we take pride in contributing to their global success from the Indian coastline.”
financialexpress.com
Yoshinori Noritake
EVP & Chief Technical Officer Director, Toyota Kirloskar Motor
“Over the years, KPL has become an integral part of our export operations and a trusted partner in our pursuit of manufacturing excellence and global supply chain efficiency.”
financialexpress.com
“Their support remains critical to our long-term ambitions aligned with the Government of India’s vision of making the country a global automotive export hub.”
financialexpress.com
