Inception of Toyota Kirloskar Motor Ltd Toyota Motor Corporation and Kirloskar Group of India came together in India on 6th of October n the year 1997. The Toyota Motor Corporation holds a stake of 89 % of the total share whereas the Kirloskar Group holds a stake of 11 % of the share. The manufacturing unit of the Toyota Kirloskar Motor Ltd. is situated at Bidadi near Bangalore. Role and motive of Toyota Kirloskar Motor Ltd The business philosophy of Toyota Kirloskar Motor Ltd. is to serve the customers by providing quality products and meet the changes in demand as per the situation and need of the clients. Another important aspect that the Toyota Kirloskar Motor Ltd. looks into is the fact of long term business growth with the mother company. This company also wants to bring in greater employment opportunities for the locals and add to the economy of the country. Environmental Issues along with employment issues and industrial growth and improvement has also been taken care of.
For as long as I can remember, the rupee has steadily depreciated against the dollar. In the early to mid-1970s, the exchange rate was 7:50 rupees to the dollar, and the long-term decline continued for the next 25 to 30 years until the rupee reached 49 to the dollar in May 2002. One colleague of mine, a prominent economist, had predicted that the Indian currency would continue to drop until the exchange rate went to 100 rupees to a dollar. Until now, he has been proved wrong. Recently, for the first time in at least three decades, the rupee has begun to appreciate. That does not surprise me. In the next 15 to 20 years, it is possible that the rupee may again reach 15 to the dollar, as it was during the 1980s.
How does the stronger rupee affect Indian firms? Clearly, the rising currency has both pros and cons -- some companies suffer while others benefit. These days, we have been hearing many complaints from companies that are hurt by the rising rupee. Companies with business...