Toyota Kirloskar Motor (TKM) has outlined a comprehensive strategy to increase the representation of women in its workforce to 30 per cent by 2030. This plan is part of TKM’s broader Diversity, Equity and Inclusion (DEI) initiatives.
The move has been announced in recognition of Women’s Equality Day on 26 August. Furthermore, it includes establishing a DEI team for senior leaders and aligning with the International Labour Organisation’s 2030 agenda, while benchmarking industry standards.
In March 2024, TKM made significant strides by hiring 160 new female employees and celebrating its first cohort of 55 women supervisors. These efforts have brought the total number of women employed at TKM to over 450, with a goal to expand this figure to 850 by the end of the year.
Additionally, TKM is also investing in the future by doubling the intake capacity at its Toyota Technical Training Institute (TTTI). The institute now accommodates 1,200 students, half of whom are women. This expansion includes improvements to infrastructure, such as a new dormitory and enhanced safety features, further supporting the inclusion of women in technical roles.
In July this year, TKM and its Employees Union have officially ratified a new Memorandum of Settlement (MoS) addressing the Charter of Demand for the fiscal years 2024-2026. The agreement included a direct wage increase of Rs. 16,000 over two years for mid-batch members. The increase is an ex-gratia/bonus equivalent to 25 per cent of the annual gross salary, expanded medical insurance and an interest-free loan of Rs. 8 lakh for car purchases.
