CNBC TV18 Honours Late Mr. Vikram Kirloskar with In Memoriam Award

Bangalore, May 13, 2023 – Toyota Kirloskar Motor (TKM) is humbled to announce that its esteemed Ex Vice Chairman, Late Mr. Vikram Kirloskar, has been posthumously honoured by CNBC-TV18 India Business Leader Awards (IBLA). The 18th anniversary of IBLA was conducted on 11th May 2023 at the Jio Centre in BKC, Mumbai.

Honourable Minister of Petroleum and Natural Gas & Housing and Urban Affairs Shri. Hardeep Singh Puri presented the award, thus acknowledging his pathbreaking contribution towards modernising India’s manufacturing sector and exceptional leadership in the Indian automobile industry.

With an illustrious career spanning over 35 years in the automotive industry, late Mr. Vikram Kirloskar played a pivotal role in steering TKM to become one of the key players in the Indian automotive market. His visionary leadership and unwavering commitment to excellence have been instrumental in the company’s remarkable success and sustained growth. Furthermore, as a strong advocate of “Make in India” and “Skill India” missions, several strategic business decisions were undertaken by the company thus manifesting his belief in establishing India as an epicentre for global manufacturing.

As a firm believer in creating best value to the entire ecosystem, late Mr. Kirloskar was instrumental in initiating several programs for Community development at the grassroot level thereby contributing to “Nation Building” goals while having a clear focus on “Creating a better world”. He was also a promoter of Sustainable Development and believed that competitiveness is at the heart of sustainability.

Expressing gratitude, Manasi Tata, Vice Chairperson, Toyota Kirloskar Motor, said “Visionary leadership, humility and an unwavering commitment to excellence by Late Mr. Vikram Kirloskar’s has certainly left an indelible mark in the Indian manufacturing sector. He always believed in putting India first and growing with the country which has helped us achieve several milestones in TKM’s glorious 25th year of operations in India. As we accept this award on his behalf, we are inspired to continue his legacy, driving positive change, and shaping the future of mobility. As a visionary leader, he has laid a path for us towards creating a more beautiful & sustainable world for the future generations.”

A mechanical engineer from the Massachusetts Institute of Technology, Late Mr. Kirloskar served as President of SIAM and President of Confederation of Indian Industries (CII). He also had played key role at the National Council for Electric Mobility in addition to being the President of Automotive Research Association of India.

Along with Late Mr. Vikram Kirloskar, Late Mr. Rakesh Jhunjhunwala and Late Mr. Cyrus Mistry were also honoured at the ceremony. The jury panel consisted of stalwarts like Kumar Mangalam Birla – Chairman Aditya Birla Group, Uday Kotak – CEO Kotak Mahindra, Sanjiv Mehta – Chairman and MD of HUL, Zarin Daruwala – CEO of Standard Chartered Bank, Dinesh Khara – Chairman of SBI, Adar Poonawala – CEO of SII, Rajiv Memani – Chairman of E&Y, V Vaidyanathan – MD of IDFC & Prabha Narasimhan – MD of Colgate.

Overview of TKM 

Equity participation 

Toyota Motor Corporation (Japan) : 89%, Kirloskar Systems Limited (India) : 11% 

Number of employees 

Approx. 6,000 

Land area 

Approx. 432 acres (approx.1,700,000 m2) 

Building area 

74,000 m2 

Total Installed Production capacity 

Up to 3,10,000 units 


Overview of TKM 1st Plant: 


October 1997 (start of production: December 1999) 




Innova HyCross, Innova Crysta , Fortuner manufactured in India.  

Installed Production capacity 

Up to 1,00,000 units 

Overview of TKM 2nd Plant: 

Start of Production 

December 2010 


On the site of Toyota Kirloskar Motor Private Limited, Bidadi 


Toyota Camry Hybrid, Urban Cruiser Hyryder, Hilux 

Installed Production capacity 

Up to 2,10,000 units 

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