Toyota Motor Corporation - Digital Transformation Strategies

Toyota Motor Corporation - Digital Transformation Strategies

Summary

This report provides insight into Toyota's tech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, its estimated ICT budget, and its major ICT contracts.

Toyota Motor Corp (Toyota) designs, manufactures and sells passenger cars, buses, minivans, trucks, specialty cars, recreational and sport-utility vehicles. It provides financing to dealers and customers for purchase or lease of vehicles. The company is also involved in housing, financial services, telecommunications and information technology businesses. Toyota’s financial services include retail leasing, retail financing, insurance and wholesale financing. It operates across the Americas, Europe, Africa, Asia Pacific and the Middle East.

In September 2021, Toyota Kirloskar Motor (TKM) launched xEV SHIKSHA web application to improve awareness and promote adoption of electrified vehicles in India. Through SHIKSHA, TKM aims to spread knowledge on various xEV technologies like self-charging hybrid electric vehicles, plug-in hybrid electric vehicles, battery electric vehicles and fuel cell electric vehicles. The web app can be accessed via mobile phones or computers by anyone across the country.

Launched in 2018, Toyota Research Institute Advanced Development (TRI AD) is a software and technology company aimed at developing fully integrated software for automated driving. The unit formed in collaboration between Toyota, Aisin, and Denso. It consists of a team who will operate in co-ordination with Toyota Research Institute and leverage automation, artificial intelligence, analytics, and telematics technologies for new product and services development. In January 2021, it expanded its operations into a holding company and two operating companies.

Scope

• Toyota is emphasizing on accelerating digital growth and serve clients better. It is investing in emerging technologies to maintain its segment operations. Toyota leverages several digital technologies to implement its digital transformation strategies. It is majorly focused on autonomous vehicles and has produced a range of advanced electric vehicles. Over the years, Toyota has been using a wide range of digital solutions to transform its business operations. It also established strategic partnerships with several technology firms to drive innovation.
• Toyota is driving innovation and technology developments through its dedicated R&D team including scientists, researchers, and engineers around the globe. The unit focuses on research in the field of automated driving technologies, and it has implemented self-driving technologies to facilitate convenience to passengers and reduce the cases of accidents.
• Toyota has signed strategic partnerships with many technology companies for developing or gaining access to advanced technologies. For instance, Toyota and AWS expanded their collaboration, to help Toyota engineers develop, deploy, and manage the next generation of data-driven mobility services. The company worked with Infosys leveraging Infosys Cobalt to modernize its Vehicle Data warehouse in a next-generation data lake on Amazon Web Services (AWS).

Reasons to Buy

• Gain insights into Toyota's tech operations.
• Gain insights into its tech strategies and innovation initiatives.
• Gain insights into its technology themes under focus.
• Gain insights into various product launches, partnership, investments and acquisition strategies.