Toyota is reportedly moving forward with plans to establish a new factory for electric and hybrid vehicles in India, having acquired land in the state of Maharashtra through its local joint venture, Toyota Kirloskar Motor (TKM).
TKM, which is the Indian joint venture between Toyota and the Kirloskar Group, focuses on the production and sale of Toyota vehicles in the Indian market.
According to media reports, the subsidiary has purchased land covering an area of 335 hectares in Maharashtra for the new factory. Operations are expected to commence in January 2026, with a production capacity of 400,000 electric and hybrid vehicles annually.
The project is anticipated to create approximately 8,000 direct jobs and an additional 18,000 indirect jobs, as stated by a senior official from the Delhi-Mumbai Industrial Corridor (DMIC).
The estimated investment for the implementation of this project is approximately €2.17 billion, reflecting Toyota’s commitment to expanding its presence in the Indian automotive market.
Source: Manufacturing.economictimes.indiatimes.com
