Toyota Kirloskar Motor (TKM), the Indian subsidiary of Japanese auto giant Toyota, will ink a pact with Ennore port in Tamil Nadu to export its small cars, which would be manufactured at the company?s upcoming plant near Bangalore from 2010-11, the company?s deputy managing director (commercial) Shekar Viswanathan said.
TKM would apply for space in Ennore port soon, Viswanathan added on the sidelines of 32nd AGM of Bangalore Chamber of Industry and Commerce. ?We have analysed both Mangalore Port Trust and Ennore port in Tamil Nadu. Ennore would be more suitable for us to export to countries in the east,? he said, while adding that TKM would export small cars to Indonesia, Malaysia, Philippines, Thailand, and Vietnam.
Currently, TKM is constructing a second production plant at its existing 420-acre factory complex in Bidadi near Bangalore to manufacture small cars. The company has invested Rs 3,200 crore to build the plant that would have an annual production capacity of one-lakh units. Although the small car rolled out from the new plant would be primarily for the Indian market, the company has also decided to ship it overseas.
If the deal was through, Toyota would be the second automaker to export cars through Ennore port.Already, Nissan has signed an agreement with Ennore port to export around 1.1 lakh cars per annum, primarily to Europe.
