Toyoda Gosei Increases Ownership Stake, Changes Name of South Indian Production Subsidiary
Kiyosu, Japan, September 16, 2015: To strengthen its position in the growing Indian automotive market, Toyoda Gosei Co., Ltd. has acquired the equity shares of Kirloskar Systems Ltd. (KSL; Bangalore, Karnataka, India) in TG Kirloskar Automotive Pvt. Ltd., a Toyoda Gosei production subsidiary that had been jointly owned with KSL and Toyota Tsusho (Nagoya, Japan). The name of the company was then changed to Toyoda Gosei South India Pvt. Ltd. (TGSIN).
TGSIN produces automotive steering wheels, airbags and other safety systems, as well as interior and exteriors such as instrument panel components. The Indian market is expected to continue growing in the future, and Toyoda Gosei aims to actively expand its presence there.
Outline of TGSIN
|1. Company name:||
Toyoda Gosei South India Pvt. Ltd. (TGSIN)
|2. Location:||Bangalore, Karnataka, India|
|3. President:||Bijay Krishna Shrestha|
|4. Date established:||September 1998|
|5. Capital:||850 million rupees|
|6. Equity position:||Toyoda Gosei 95%, Toyota Tsusho 5%|
|7. No. of employees:||327 (as of April 2015)|
Safety system products: (Steering wheels, driver-side airbags, etc.)
|9. Sales||FY2014: Approx. 3 billion rupees (Approx. 5.7 billion yen)|
|Toyoda Gosei South India||Locations of 3 TG Group companies in India|
About Toyoda Gosei
Established in 1949 and headquartered in Kiyosu, Aichi Prefecture, Japan, Toyoda Gosei is a leading specialty manufacturer of rubber and plastic automotive parts and LEDs. Today, the Toyoda Gosei group provides a broad range of high-quality products internationally, with a network of approximately 100 plants and offices in 18 countries and regions. Through its flexible, integrated global supply system and leading-edge technologies for automotive safety, comfort, and environmental preservation, Toyoda Gosei is a global supplier that aims to deliver the highest levels of satisfaction to customers worldwide.