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31st July 2024, 16:26
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Toyota signs MoU with Maharashtra govt. to acceptable up a caller factory
Toyota Kirloskar Motors (TKM) has signed a memorandum of knowing (MoU) with the Maharashtra authorities to acceptable up an automobile manufacturing works successful Chhatrapati Sambhajinagar.
According to Toyota, it volition put Rs 25,000 crore into the caller facility, which is expected to make employment for 8,000 radical and an further 16,000 radical volition get employment successful ancillary units.
The caller mill is expected to statesman operations successful 3 years. It volition manufacture some ICE and electrical vehicles and person an yearly accumulation capableness of astir 4 lakh units.
This volition beryllium Toyota’s 3rd manufacturing portion successful India. The carmaker presently has 2 units successful Bidadi, Karnataka, which is besides being expanded. In 2023, Toyota announced an concern of Rs 3,300 crore to grow the accumulation capableness of the Bidadi works by 1 lakh units annually. It is expected to go operational successful 2026.
