Bangalore, 25 July 2024.
Toyota Kirloskar Motor (TKM) has been recognized for its outstanding export performance with two prestigious awards at the EEPC India(Engineering Export Promotion Council of India)Southern Region Export Award ceremony held recently. TKM was presented with the ‘Engines and Turbines & Parts Thereof’ – Large Enterprise’ award for 2019-20 and the ‘Gold Trophy’ for Top Exporters under the Merchant Exporter category for achieving Export Excellence in Engineering products in 2020-21. These awards reflect the company’s dedication to advancing India’s engineering exports.The engineering sector is an integral part of the broader manufacturing sector, and the share of engineering products in overall manufacturing output is quite significant.
The awards were presented by Shri Vimal Anand, Joint Secretary, Department of Commerce, Government of India; Shri Arun Kumar Garodia, Chairman, EEPC; Shri Shashi Kiran Lewis, Deputy Regional Chairman, EEPC; and Shri Raman Raghu, Regional Chairman, EEPC, at a ceremony held in Puducherry. The EEPC India is the premier trade and investment promotion organization sponsored by the Ministry of Commerce & Industry, Government of India. It plays a pivotal role in promoting the Indian engineering sector and acts as a vital link between the government and the engineering community. The EEPC Export Excellence Awards aim to recognize and reward member exporters for their exemplary performance in various engineering export categories.
The awards evaluate the best exporters across India based on parameters such as the FOB (Freight on Board)value of exports, products exported, and net foreign exchange earned. TKM demonstrated significant growthin the FOB value of engine exports in 2019-20. Additionally, in 2020-21, TKM saw an increase in exports under the Merchant Exporter category, covering both engines and various parts.
Expressing his thoughts, Mr. G. Shankara – Executive Vice President& Director, Finance and Administration – Toyota Kirloskar Motor, said,“It is an honour to receive these prestigious awards from EEPC India, a testament to the company’s commitment to export excellence and contribution to the economy of the state and the nation. This accolade fills us with immense pride and joy, reinforcing our belief that world-class quality and customer satisfaction are the key cornerstones of success in this highly competitive market.”
Notably, last year TKM was honoured with two EEPC National Awards for Export Excellence at the 52nd and 53rd editions of the Awards in recognition of its outstanding export performance in the engineering sector.