MUMBAI – Toyota Kirloskar Motor Ltd. is taking steps to make its goal of securing 10% of the Indian market by 2010 a reality. The auto maker has signed a 10% wage increase agreement with workers at its Bangalore plant. And TKM will build its new plant adjacent to the Bangalore facility, despite labor unrest there earlier this year, Deputy Managing Director KK Swamy confirms. “We have decided to educate our workers about competitive market conditions,” Swamy says. TKM also is ...
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