robotics / news / / Firstpost
Toyota Motor Corporation is planning to set up three vehicle assembly plants in Maharashtra, according to a Nikkei report on Friday.
Toyota is considering establishing three new vehicle assembly plants in Maharashtra, signaling a manufacturing cluster.
KEY POINTS
- The proposed Maharashtra plants would directly address Toyota's capacity constraints and high waiting periods in India.
- Toyota's flexible multi-pathway powertrain approach will enable hybrids, plug-in hybrids, and cleaner fuel engines at new plants.
- Despite media reports, Toyota has not yet made a board-approved final investment decision for these new plants.
- The collaboration with Maruti Suzuki has enabled Toyota to quickly expand its lineup and increase market share in India.
COMPANIES
Summarized by Newsio from Firstpost. How we summarize →