Toyota Motor Corporation (TMC) holds 89% of the share and the remaining 11% is owned by Kirloskar Group.

Occupying the multi utility vehicle (MUV) segment, sales of the model grew within a short span of 2 years to capture 20 per cent market share from established local manufacturers such as Mahindra and Tata Motors.

Later, new models were introduced including the IMV series Fortuner SUV in 2009 and Hilux pickup truck in 2022.

[6][7] Under the Entry Family Car (EFC) project, TKM started producing the Etios in 2010 as the company's first entry-level model.

TKMPL's current plant at Bidadi, Karnataka is spread across 850 acres and has a capacity of 110,000 vehicles per annum.

The cars were prepared by Red Rooster Performance (based in Bangalore), and designed by TRD (Toyota Racing Development).

[21] TKMPL sold 74,759 vehicles in India in the year 2010 registering a growth rate of 38% compared to 2009 sales.