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The new facilities will triple Toyota's production capacity in the country to 1 million units by the 2030s.
Toyota plans to build three new assembly plants in Maharashtra, western India.
KEY POINTS
- The new Indian plants will triple Toyota's local production capacity to 1 million units by 2030s.
- Total investment for the new facilities is estimated at around 300 billion yen ($1.91 billion).
- The new plants will focus on both domestic sales and exports, unlike the existing southern plants.
- India will become Toyota's fourth-largest production base after Japan, China, and the US.
COMPANIES
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