New Delhi
Toyota Kirloskar Motor Allotted Land In Maharasthra To Manufacture Electric And Hybrid Vehicles
Four lakh electric and hybrid vehicles are expected to be manufactured every year with production starting from January 2026.
Saptak Bardhan
Updated Oct 10, 2024, 04:38 PM IST
Toyota Kirloskar Motor Allotted Land In Maharasthra To Manufacture Electric And Hybrid Vehicles
The joint venture of Toyota and the Kirloskar Group was allotted 827 acres of land for a new manufacturing plant in Maharashtra. Toyota Kirloskar Motors had signed an agreement with the state government to set up a greenfield manufacturing facility for electric and hybrid cars on July 31, 2024.
As per media reports, four lakh electric and hybrid vehicles are expected to be manufactured every year, with an investment of Rs 20,000 crore.
Additionally, the company is expected to invest Rs 21,000 crore in the manufacturing plant with production expected to start from January 2026. Moreover, the manufacturing plant is expected to generate approximately 8000 direct jobs and 18,000 indirect jobs, as per a Delhi-Mumbai Industrial Corridor (DMIC) senior official.
Moreover, the greenfield smart industrial city is a partnership of the central and state governments through a special purpose vehicle (SPV) named the Maharashtra Industrial Township Limited (MITL).
Toyota has two manufacturing plants in India, both being in Bidadi, Karnataka. The first manufacturing plant was established in 1997, with production starting from 1999 onwards. The facility produces the Innova Hycross, Innova Crysta, Fortuner and Legender, with an annual capacity of 1.32 lakh units.
The other manufacturing plant manufactures the Camry Hybrid, Urban Cruiser Hyryder and Hilux, with an installed production capacity of more than 2 lakh units annually. Production in the second plant began in December 2010.
Toyota India currently offers 12 products in its portfolio, ranging from the Glanza to the Land Cruiser 300 SUV. Toyota Vellfire MPV and LC300 are not manufactured in India but are imported as completely built-up units.
Log in to post a comment.
End of Article
Trending
Mercedes-Benz GLC EV Launched in India at Rs 78.50 Lakh: Gets 94kWh Battery, 490bhp Power
Honda Alpha EV Set to Launch in India on December 2: Expected Design, Features and Range
5 Most Affordable Cars with Sunroofs to Buy This Diwali
Car Dashboard Warning Lights: What Each Symbol Means and What to Do
Hyundai Diwali 2026 Discounts: Offers on Creta, Venue, i20, Verna, Exter and More
Hyundai Registers Over 16 Percent Growth in Car Sales for October 2026
Mahindra Posts Over 2 Percent Growth in Monthly Car Sales for October 2026
Popular
STAY UPDATED Get the latest news from Times Drive
