Auto Desk, New Delhi. Toyota Kirloskar Motor (TKM) on Tuesday signed a memorandum of understanding (MOU) with the Karnataka government to set up a new production facility in the state. This new manufacturing plant of the company will become operational from 2026. Once the new manufacturing facility becomes operational, the company will touch the annual production mark of 100,000 units.
Toyota Kirloskar Motor (TKM) said the new facility, located in Bidadi, will mark the company’s completion of 25 years in India. Apart from upcoming models, cars like Innova Highcross and Highrider will be manufactured in the new facility. Come, let us know about the complete news.
2 thousand people will get jobs
Toyota has said it will invest around Rs 3,300 crore to build the new production facility in Karnataka, which will be its third manufacturing facility in India. Also, this plant has been claimed to create employment opportunities for about 2,000 people. The Japanese carmaker has claimed that the decision to set up the new manufacturing facility has been taken as part of the auto company’s strategy to increase local production in India.
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The company runs 2 plants
The company currently operates two plants in India with a total production capacity of approximately 3.42 lakh units per annum. The automaker has planned two shifts for the new plant, which can be expanded with a third shift if needed. Currently the automaker’s two production facilities are working in three shifts to meet the pending orders.
Company’s future plan
Speaking about the new product facility, Masahiko Maeda, chief operating officer of the carmaker’s Asia region, said the Indian market has always been very important for the company. He also said that Toyota hopes that this new production facility will further enhance the automaker’s ambition to grow in the Indian market and globally. He also indicated that the new plant will play an important role in the brand’s strategy to produce cars equipped with green powertrains.
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Posted By Rammohan Mishra