- TO INVEST ₹3,300 CR FOR THE UNIT
The company will invest ₹3,300 crore from internal accruals in the new manufacturing plant, which will add an annual capacity of 100,000 units while running on two shifts.
TKM currently has two manufacturing plants in the 432-acre facility with an installed production capacity of 342,000 units.
Toyota's market share has grown from 4.7% in April-October 2022 to 5.6% in April-October 2023, and it has been struggling with an increase in pending orders. The Federation of Automobile Dealers Associations (FADA) recently told FE that the waiting periods of some Toyota models like the Urban Cruiser Hyryder go up to one year, and for the Innova HyCross many months.
Diese Geschichte stammt aus der November 22, 2023-Ausgabe von Financial Express Mumbai.
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Diese Geschichte stammt aus der November 22, 2023-Ausgabe von Financial Express Mumbai.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
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