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Toyota thinks over minimizing cost, changed sourcing plans

Rupee fluctuation against other currencies in the last few months has forced Toyota to change sourcing plans for its upcoming small car plant in India. The world’s largest carmaker, which is present in India through a joint venture with Kirloskar Group, has decided to import equipment and components from countries that would offer materials at lower cost. Toyota Kirloskar Motor (TKM) Whole-Time Director Shekar Viswanathan said,

Published On Apr 07, 2009 08:48 PM By Ritesh

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Depreciation of rupee (particularly against dollar) has been affecting us badly. We are doing a lot of research on what equipment to bring and how to install them in order to minimize the cost ... for that we have canceled some decisions and implemented some new.” He, however, declined to specify which would be the new country from where TKM would import major portion of its requirements saying the company was in the process of finalizing the import source.

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Ritesh

Having worked as an Auto Journalist for the past 5 years, Ritesh is keenly passionate about digging more on automobiles and things related. His journey as a journalist so far consists of different profiles that helped him groom on various platforms within the automobiles industry. He kept rolling on technical experience during his career as a Road Test Editor, which finally took him to a level where he turned to be an Editor-in-Chief of CarDekho.com, India's no. #1 automotive giant.

Another side of his creative life is easily visible the photography that he carries out in order to serve the CarDekho news readers with the latest and natural pictures of newly launched cars. Additionally, he is the one who foresees all auto news articles that are to be published making it sure that CarDekho readers get the latest and the best automotive news first. "Life is a highway, keep driving", Says Ritesh.