TKM Report 2021

Annual Report 2020-21 7 Our philosophy Toyota Kirloskar Motor (TKM) was established in India in 1997, as a joint venture between Toyota Motor Corporation Japan and the Kirloskar Systems Limited. TKM derives inspiration from Toyota’s leadership in the global automotive landscape and constantly strives towards advancing the legacy. Our endeavors are aimed at contributing to the society by making ‘ever- better cars’ and are committed to be instrumental in solving the issues of the communities we operate in. We draw this philosophy from our founder, Kiichiro Toyoda, who had always hoped for people’s happiness. Over the years of our existence, we have continuously progressed to attain the aspirations of the communities we operate in. We have embraced an approach where we conceptualize need based solutions in consultation with communities. This is further extended to creating community operated sustainable models. Our efforts are aimed at aligning the following - Our vision for corporate social responsibility is to be a socially committed organization engaged at building vibrant communities in harmony with nature, aiming to become the most admired company in India, and meet customer expectations and be rewarded with a smile. PLAN The PDCA model acts as guiding principles for TKM’s outcome oriented corporate social responsibility initiatives. The Toyota Way is an approach of outstanding manufacturing, not only applicable to the quality of Toyota’s products but to the way our organization functions. On the foundation of this exemplary approach, we target to drive the same precision in our CSR interventions. Social Development Environment Preservation Economic Development Responsible Business Conduct a community need assessment and feasibility study DO Work closely to engage stakeholders and ensure need-based implentation CHECK Rigorous monitoring and evaluation of programs that includes measuring outputs, outcomes and impact ACT Based on learnings and successes, refine programs by incorporating Kaizen into each step Focus on Societal development by giving back to the communities we work with Undertake measures to safeguard the environment through e ff ective eco initiatives Contribute to the economic progress of the region and realization of human capital Comply with social and environmental standards and regulate business with honesty and integrity