Toyota Kirloskar Motor (TKM) announced the launch of “Toyota Auction Mart” becoming the first auto manufacturer in India to venture into used car auction business.
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.
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. With this launch TKM aims to move one step closer in ensuring a fair used car ecosystem in the country, enabling a one stop shop for used car customers.
Prospective buyers and used car dealers from in and around Bangalore will be participating in the first auction scheduled to take place on 15th September, 2015 in the newly constructed facility at the Toyota plant.