Toyota Motor Corporation announces Regional Level restructuring with India poised to play a vital role

Toyota Motor Corporation (TMC) today announced a significant regional restructuring, reemphasizing the pivotal role of India in the company's global strategy. 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. The new reorganization, 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. As part of this development, Mr. Masakazu Yoshimura, MD and CEO of Toyota Kirloskar Motor (TKM) will concurrently be the Regional CEO. Appointed as MD and CEO of TKM in 2019, Mr. Yoshimura, having worked in countries such as Japan, China and South Africa, brings close to 30 years of rich automobile experience covering diverse fields such as Product Planning, Pricing, Sales & Marketing, etc. During his tenure, TKM has successfully launched several world-class products including the Urban Cruiser Hyryder, the Innova Hycross, both with Hybrid Electric Vehicle variants and the Hilux. Celebrating 25 years of