Group members discussed Toyota, which was founded as a textile machine company by Sakichi Toyoda. Toyota launched its first car in 1947 and established the Toyota Production System in 1950 based on Just-In-Time principles. In the 1980s, Toyota began participating in motorsports and merged with another company. It has since expanded its product lineup and also produces financial services and robots.

1. GROUP MEMBERS Ankita Rishi Rachit Abid Isha Sunil

2. Sakichi Toyoda, the founder of the Toyota group of companies, started Toyota as a textile machine company. Launched first car in 1947 Toyota Production System formed in 1950 based on Just-In-Time principle. Overseas production starts in 1959 (Brazil) Ranked 6 th in fortune Global 500 list. Toyota headquarters in Toyota City, Japan

3. The Toyota Motor Company was awarded its first Japanese Quality Control Award at the start 1980s and began participating in a wide variety of Motorsports. In 1982, the Toyota Motor Company and Toyota Motor Sales merged into one company, the Toyota Motor Corporation. In the 1990s Toyota began to branch out from producing mostly compact cars by adding many larger and more luxurious vehicles

4. In 2002, entry in the Formula 1 circuit. In addition to manufacturing automobiles, Toyota provides financial services through its division Toyota Financial Services and also creates robots.

5. The production system developed by Toyota Motor Corporation to provide best quality, lowest cost, and shortest lead time through the elimination of waste. The Toyota Production System (TPS) was established based on two concepts: Jidoka : Automation with a human touch Means that when a problem occurs, the equipment stops immediately, preventing defective products from being produced. Just-in-Time : in which each process produces only what is needed by the next process in a continuous flow.

6. Selling price – Cost = Profit Customers decide the selling price. Profit is what remains after subtracting the cost from it. The main way to increase profit is to reduce cost.

7. Consequently, cost reduction through waste elimination should have the highest priority. Toyota’s paradox: Reducing cost (waste), will reduce lead time while increasing quality and customer satisfaction.

8. MAJOR COMPETITORS OF TOYOTA

9. FORD An American Multinational. Head office at Dearborn, Michigan.(USA) Incorporated on June 16, 1903. Major Products : Ford Fiesta Ford Mustang Ford Explorer Ford Mondeo

10. Volkswagen A German Multinational Co. Incorporated in 1937. Head Office at Wolfsburg, Germany. Major Products : Passat Jetta Taureg

11. HONDA A Japanese Multinational Co. Incorporated on 24 September 1948. Headquarters at Minato, Tokyo (Japan) Major Products : Civic Accord CRV

12. GENERAL MOTORS An American automobile co. Incorporated in 1908. Head office at Detroit, Michigan (USA) Popular Brands : Chevrolet, Holden Major Products : Aveo Optra Commbador

13. SUV’s LUXIRIOUS CARS SEDAN

14. TOYOTA 4RUNNER ($27500) vs FORD EXPLORER ($29280) DISPLACEMENT 4Runner has a engine displacement of 4.0 ltr i.e 4000cc engine in comparison to the engine displacement of Explorer which has a 3.8 ltr TORQUE 4Runner produces a great torque of 278 lb.-ft.@ 4400 rpm which is much more than torque of Explorer which produce 254 lb.-ft. @ 3,700 rpm

15. TOYOTA CAMRY ($19720) vs HONDA ACCORD ($21180) STEERING Camry includes Hybrid steering with a feature of EPS (Electric Power Steering) and rack-and-pinion with electric power assist while Accord has only power steering with cruise control SAFETY Camry has a special feature of Vehicle Stability Control (VSC) with off switch + Traction Control which helps in providing more safety as compared to Accord’s VSA control

16. TOYOTA PRIUS ($21800) vs FORD MUSTANG ($22145) TRANSMISSION Prius has latest ECVT transmission (Electronically controlled continuously variable transmission) which is more advanced than Automatic transmission of Mustang EMISSIONS Prius is Advanced Technology Partial Zero Emission Vehicle (AT-PZEV) which is not a feature of Mustang

17. TOYOTA COROLLA ($15459) vs VOLKSWAGEN JETTA ($17735) ENGINE Toyota Corolla has VVti engine which give more torque as compared to other sadans. It gives a fabulas hourse power of 158 in comparison to 138 of volkswagen jetta PERFORMANCE Corolla is fastest in its section. It accelerate from 0-60m/h in just 8.0 secs as compared to volkswagen jetta in 8.5 secs

18. THE types of energy to power the car of future natural gas biomass and range of renewable but each energy source came with its own particular obstacle including need for carbon capture and sequestration problems of electricity storage(such as battery development) and future oil production costs. At the DETROIT show Toyota displayed a variety of alternative energy vehicles.

19. The company not only introduced the third generation of the PRICES HYBRID but also showed the small battery power called FT-EV Concept. Its the early step towards goal of introducing an urban electric car by 2012

20. Let’s look at somebody completely different... ...and very succesful but not perfect... The Toyota Way == Management techniques We are all managers

21. http://www.toyota.co.jp/en http://en.wikipedia.org/wiki/Toyota http://www.1000ventures.com

22. THANK YOU