|The year 2005 was another significant year for Toyota Motor Corporation (TMC). It was the year that Toyota played part in the EXPO 2005 Aichi, Japan, which attracted 22 million visitors, stimulated the local economy and enlivened all of Japan. At the Toyota Group Pavilion, TMC was able to present to large numbers of people from around the world its activities relating to mobility in the 21st century and its initiatives to help create a society in which there is harmony between people, the earth and the environment.
2005 was also the year that Toyota launched the Lexus brand in Japan, seeking to develop it into a global luxury brand. Japanese sales of the GS, IS and SC series, which pursue the essence of luxury, attracted considerable attention from customers and established a strong luxury vehicle image.
Outside Japan, Toyota launched a number of projects. In the Czech Republic, Toyota started joint production of the Aygo with PSA Peugeot Citroen, and in China, Toyota began production of the Prius and the Crown-their first-ever production overseas. In India, South Africa and Argentina, Toyota launched the IMV Project, which seeks to develop more efficient production and supply systems on a global scale.
2005 also marked the year that Toyota concluded a basic agreement with Fuji Heavy Industries for the formation of a business tie-up. Toyota is continuing discussions with Fuji Heavy Industries to form a collaborative relationship that focuses on development and production and is beneficial to both companies.
Also during 2005, Toyota launched a new management structure, and finally, at the end of the year, Toyota announced its production plans for 2006, with goals surpassing 9 million units for the entire Toyota group.
Toyota is pursuing every possibility, from the improvement of conventional engines to the development of new power sources.
Toyota Kirloskar India Pvt Ltd
As a joint venture between Kirloskar Group and Toyota Motor Corporation, Toyota Kirloskar Motor Private Limited (TKM) aims to play a major role in the development of the automotive industry and the creation of employment opportunities, not only through its dealer network, but also through ancillary industries.