robotics / news / / The Hindu Business Line
Toyota Motor plans to build three vehicle assembly plants in Maharashtra.
Toyota plans to build three new assembly plants in Maharashtra, India by the 2030s.
KEY POINTS
- The investment in these plants is estimated at 300 billion yen, or $1.91 billion.
- These new facilities will triple Toyota's Indian production capacity to 1 million units annually.
- The new plants will serve both domestic and export markets, unlike existing southern plants.
- Toyota will begin producing plug-in hybrid vehicles at the new Indian plants.
COMPANIES
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