Toyota Kirloskar Motor (TKM) is taking a major hit in production as it decided to extend the lockout at its plant in Bidadi, Karnataka.
Most Original Equipment Manufacturers (OEMs) are trying to ramp up production to meet an uptick in demand after eight months of sluggish sales. However, TKM is not being able to produce at optimum levels because of the workers’ unrest.
“Production is affected. It would have been higher had we had 90 per cent of the workers in two shifts at the factory. But we have stocks at the dealership as well as stocks in transit that will last the month. And we are continuing production with workers who have signed the good conduct form,” said a company spokesperson.
The company on Tuesday decided to extend the lockout as the situation remains “volatile” over unresolved issues between workers and management.
Innova Crysta
The company has rolled out a new version of its MPV Innova Crysta, which has sold 3 lakh units since its launch in 2016.
TKM has retained a 43 per cent market share in the MPV segment with the Innova Crysta. The Innova line was launched in India in 2005 and has sold 8,80,000 units, including the Crysta.
Naveen Soni, senior vice-president, sales and service, TKM, said, “The new and bolder Innova Crysta continues that legacy in accordance with our tradition of customer-first approach.”
The Innova Crysta is available in the price range of Rs 16,26,000 to Rs 24,33,000 (ex-showroom).