Toyoda Gosei has established the Gurgaon Office (engineering, sales) of Toyoda Gosei Minda India (TGMIN), a subsidiary in India, to increase sales in the rapidly growing market. The new office, located in a suburb of New Delhi, is a further step in localisation of product development, it says.
The new office is intended to speed up business by locating engineering and sales operations closer to the head office of its main customer, Maruti Suzuki India. These operations were previously situated at TGMIN’s head office in its Neemrana Plant. Together with this relocation, local development operations will be enhanced by increasing the number of employees and expanding facilities. By 2020 the number of engineering and sales employees will be increased to about 20 people.
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Toyoda Gosei views India as an important market and is taking steps to enhance its production network there, including the scheduled start of operations of a new TGMIN Gujarat Plant in western India in October 2018. The company is targeting sales of JYP35bn (US$311m), over two times the current level, for all of India by 2025.
Outline of TGMIN Gurgaon office [newly established]:
- Location: Gurgaon, Haryana, India
- Start of operations; April 2018
- Employees: 10 people (as of 30 May 2018)
- Business activities: Development/design, sales of airbags and other products
Outline of TGMIN:
- Name: Toyoda Gosei Minda India
- Location: Neemrana (headquarters plant), Rajasthan, India
- Established: April 2008
- Capitalisation: INR4.4bn (US$64.3m)
- Shareholders: Toyoda Gosei; Uno Minda Group
- Products: Airbags, steering wheels, weatherstrips, others
- Employees: 1,602 people (as of 30 May 2018)
