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The new facilities will triple production capacity for the world's biggest automaker to 1 million units in India by the 2030s.
Toyota plans to build three new vehicle assembly plants in Maharashtra, India.
KEY POINTS
- The new facilities will triple Toyota's India production capacity to 1 million units by the 2030s.
- Toyota will invest approximately $1.9 billion in these Indian plants, according to Nikkei.
- The new plants will make India Toyota's fourth-largest global production base and export source.
- Toyota will begin producing plug-in hybrid vehicles in India at the upcoming facilities.
COMPANIES
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