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Toyota Auction Mart - new used car business

Toyota Kirloskar Motor announced the launch of Toyota Auction Mart as it becomes the first auto manufacturer in India to venture into used car auction business. Reinstating the companys commitment towards creating a transparent and reliable used car industry for the customers across India, Toyota Auction Mart (TAM) is a first of its kind initiative in the Indian automobile industry and will start operations through a dedicated auction facility at Bidadi (near Bangalore) in Karnataka. Every used car from all brands will go through detailed inspection that will determine the current quality level of the car thereby ensuring highest levels of QDR (quality, durability & reliability) for the end users of the product.

All cars in the Toyota Auction Mart will go through comprehensive 203 point inspection which is used to arrive at a quality level of used vehicle. And each car will be checked for quality level by TKM in-charge after due diligence of documentation. These 203 Points inspection is based on global Toyota standards of QDR.

Commenting on the launch, Mr. Naomi Ishii, Managing Director, Toyota Kirloskar Motor, said, Indias used car market continues to grow rapidly every year, yet remains largely unorganized. The launch of Toyota Auction Mart signifies our efforts to develop a fair and transparent used car market with increased reliability for our customers and will contribute to the Indian society.

Toyota has been engaged in auction through affiliates for more than 45 years now and we will leverage our global experience and expertise of conducting auctions in markets across the world to ensure the highest quality. We are committed towards creating a reliable and transparent used car market which will enable faster disposal of cars at right prices and right quality cars to the buyers, he continued.

Source : MotorOctane