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Detailed explanation-1: -Bangalore, 08th September 2022: Continuing its efforts towards consolidating the company’s Customer-First philosophy, Toyota Kirloskar Motor (TKM) today announced the signing of a Memorandum of Understanding (MoU) with India’s leading banking platform, the UCO Bank.

Detailed explanation-2: -Toyota Kirloskar Motor Private Limited (TKM) is an Indian joint venture between Toyota Motor Corporation (89%) and Kirloskar Group (11%), for the manufacture and sales of Toyota cars in India.

Detailed explanation-3: -He was 64. A fourth generation member of the Kirloskar business family, Vikram Kirloskar is remembered as a pioneer of India’s automotive industry. The credit for bringing Toyota’s business to India goes largely to him. Vikram Kirloskar was born in November 1958.

Detailed explanation-4: -Tata Motors owns Jaguar and Land Rover. Tesla owns Tesla. Toyota Motor Corp. owns Lexus and Toyota.

Detailed explanation-5: -In India, TMC established Toyota Kirloskar Motor Private Ltd. (TKM) as a joint venture with Kirloskar Group in 1997 and began local production.