Made-in-India Cars: "With increasingly stringent regulations focusing on safety, emissions, and technological advancements, car manufacturers are investing in research, development, and innovation," said Piyush Arora, managing director and CEO of Škoda Auto Volkswagen India. VW exported 40,920 passenger vehicles in 2023, registering a growth of 29%, while Skoda s exports soared 431% to 1,530 units.
"With increasingly stringent regulations focusing on safety, emissions, and technological advancements, car manufacturers are investing in research, development, and innovation," said Piyush Arora, managing director and CEO of Škoda Auto Volkswagen India. VW exported 40,920 passenger vehicles in 2023, registering a growth of 29%, while Skoda s exports soared 431% to 1,530 units.
As part of this development, Masakazu Yoshimura, MD and CEO of Toyota Kirloskar Motor (TKM) the company s joint venture in India with the Kirloskar group will concurrently be the Regional CEO, Toyota Motor Corporation (TMC) said in a statement.
"Currently, as a part of the Asia Region, the Indian market already enjoys high priority. With this change, India will now play an even more crucial role by being integrated into the Middle East, East Asia & Oceania Region and acting as the hub of the new India, Middle East, East Asia & Oceania Region starting January 1, 2024," a company statement said.
Kirloskar: TMC further said, "The new reorganisation, which underlines the growing significance of India in Toyota s global business landscape, reflects the increasing potential of the market upheld by its dynamic and skilled workforce."