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) (Former name: TG Kirloskar Automotive Pvt. Ltd.) |
| 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) |
| 8. Products: | Safety system products: (Steering wheels, driver-side airbags, etc.) Interior/exterior products: (Instrument panel components, etc.) |
| 9. Sales | FY2014: Approx. 3 billion rupees (Approx. 5.7 billion yen) |
