Toyota, Maha set wheels in motion for ₹20K cr plant
Business Standard|August 01, 2024
Plan to roll out 400,000 electric, hybrid cars a year
SOHINI DAS
Toyota, Maha set wheels in motion for ₹20K cr plant

Toyota Kirloskar Motor (TKM), the Indian venture of the Japanese auto giant, on Wednesday signed a deal with the Maharashtra government to "examine" setting up a greenfield manufacturing facility in Chhatrapati Sambhajinagar, earlier known Aurangabad, with ₹20,000 crore.

as Maharashtra Chief Minister Eknath Shinde and Toyota Kirloskar Motor Managing Director and Chief Executive Officer Masakazu Yoshimura were present at the event. "Under the project, 400,000 electric and hybrid cars are expected to be manufactured every year with an investment of ₹20,000 crore, generating 8,000 direct jobs and indirect employment for 8,000. This project will revolutionise the automobile sector," Shinde said.

Deputy CM Devendra Fadnavis revealed that 850 acres have been allotted for the manufacturing facility at AURIC (Aurangabad Industrial City), Chhatrapati Sambhajinagar.

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