Tag - Toyota New Factory

Toyota Kirloskar Motor (TKM) has taken a significant step towards expanding its manufacturing footprint in India. The company recently signed a Memorandum of Understanding (MOU) with the Government of Maharashtra to explore the establishment of a Green Field Manufacturing Facility at Chhatrapati Sambhaji Nagar. Investment and Job Creation The proposed manufacturing plant is expected to be a game-changer for the region. Toyota Kirloskar Motor plans to invest around INR 20,000 crore in this greenfield facility. This substantial investment will not only boost economic growth but also create employment opportunities for local communities. Strategic Location Chhatrapati Sambhaji Nagar, strategically located in Maharashtra, provides excellent connectivity to major cities and ports. The state government’s support and conducive business environment make it an ideal choice for Toyota’s expansion plans. Toyota’s Commitment to India TKM’s commitment to India has been unwavering. Operating under the core values of “Grow India - Grow with India,” the company aims to contribute to the nation’s development. Over the past 25 years, Toyota has established itself as a model company for innovation and manufacturing practices. Its existing manufacturing units in Karnataka have already made significant contributions to the local ecosystem. Dignitaries Present at the MOU Exchange The MOU was exchanged by Dr. Harshadeep Kamble (IAS), Principal Secretary (Industries), Government of Maharashtra, and Mr. Sudeep Santram Dalvi, Director & Chief Communications Officer, TKM. Distinguished guests, including Hon’ble Chief Minister Mr. Eknath Shinde Ji, Hon’ble Deputy Chief Minister Mr. Devendra Fadnavis Ji, and Hon’ble Deputy Chief Minister Mr. Ajit Pawar Ji, witnessed this momentous occasion. Toyota’s Global Impact Toyota’s cumulative export contributions from India stand at approximately ₹32,000 crores, reflecting the company’s export focus. With this new manufacturing plant, Toyota Kirloskar Motor aims to further strengthen India’s position in the global automobile landscape. Also Read: Toyota wants to launch a mass market sports car?