Toyota Kirloskar Motor on Wednesday announced senior management changes to align with the recent regional restructuring by parent company Toyota Motor Corporation integrating India into its 'Middle East, East Asia & Oceania Region' operations and slotting the country to act as the hub of the new geography.
As part of the changes, Tadashi Asazuma, currently Executive Vice President, has been elevated as Deputy Managing Director Sales-Service-Used Car Toyota Kirloskar Motor (TKM) and Lexus, the company said in a statement.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
Similarly, Swapnesh R Maru, presently serving as Executive Vice President and Chief Compliance Officer, has been elevated as Deputy Managing Director Corporate Planning, Finance and Administration and Manufacturing, it added.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
The changes effective Jan. 1, 2024, are intended to further strengthen the company's operations by accelerating the transition towards a future-ready organisation, thus reinforcing the country's growing significance within Toyota's global business landscape, the statement said.
In his new role, Asazuma will be responsible for the overseeing of sales, service and used car functions of Toyota and Lexus. He joined Toyota Motor Corporation in 2001 and moved to TKM in 2019. He brings with him a rich global automobile industry experience of working for Toyota in Japan and regions like the Middle East, the company said.
Maru, in his new role, will be steering the manufacturing function in addition to overseeing finance and administration function and corporate planning to align and capitalise the region's growth potential and TKM's growing importance in the global marketplace, the statement said.
He had previously handled functions such as sales, accounting, finance and taxation, legal, information technology, human resources, and corporate planning both in India as well as at global and regional offices. He has over 25 years of experience.
"These changes come at a crucial time when India is increasingly becoming a vital market in Toyota's global strategy and are designed to support and achieve sustainable growth for the company by enhancing capabilities and creating a future-ready organisation," TKM MD and CEO, and Toyota Motor Corporation (TMC) Regional CEO Masakazu Yoshimura said.
Last year in December, Toyota Motor Corporation had announced a regional restructuring with India being integrated into its 'Middle East, East Asia & Oceania Region' operations and slotting the country to act as the hub of the new geography.
As part of the development, Yoshimura, MD and CEO of Toyota Kirloskar Motor (TKM) -- the company's joint venture in India with the Kirloskar group -- was concurrently made the Regional CEO, Toyota Motor Corporation (TMC).
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
