Toyota India Exports e-Drive Components to Japan, Boosting ‘Make in India’

Bengaluru, India – Toyota Kirloskar Auto Parts (TKAP), Bengaluru, begins exporting e-Drive components, a critical component of the electrified powertrain used in hybrid electric vehicles (HEVs), to Japan, Indonesia, and Thailand. The e-Drive is a cutting-edge technology that turns electricity into power in a HEV’s drive system. Toyota Motor Corp Japan, Aisin Seiki Co, Japan, and Kirloskar Systems Ltd, India formed TKAP, which manufactures axles, propeller shafts, and transmissions for cars and supplies them to Toyota in India and abroad. While the e-Drive is now employed in Toyota Urban Cruiser Hyryder and Maruti Suzuki Grand Vitara, it is not yet fully localized, with a value localization level of slightly more than 50 percent.

The company is collaborating with local vendors to improve the quality of some subcomponents. The export of e-Drive to Japan contributes significantly to the ‘Make in India’ initiative. According to KN Prasad, Managing Director, TKAP, the SOPs for the Auto Industry Production Linked Incentive (PLI) plan will go a long way toward bolstering the local manufacturing industry and reducing reliance on imports. With the PLI scheme, applicants can submit applications for advanced automotive technology product testing and certification, which will help them qualify for incentives under the PLI Auto plan, improving India’s export capabilities in high-end automotive technology components.

Image Source: Magic Wand Media

  Facebook   Twitter   Linkedin   Subscribe