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To sustain today’s highly competitive market, every company must minimize its operating expenses. Total Productive Maintenance (TPM) can play an effective role in this aspect. The main objective of the paper is to understand TPM concept, proper planning system for implementing TPM at the initial stage in the organization and to generate awareness among the budding technocrats and enterprises about TPM philosophy adoption in Indian perspective. The paper reveals the important issues in Total Productive Maintenance ranging from maintenance techniques, framework of TPM, overall equipment effectiveness (OEE), TPM implementation practices, barriers and success measurement in TPM implementation, Targets, etc. The contributions of strategic TPM programme towards improving manufacturing competencies of the organizations have also been highlighted.