The new facility will also be built in Karnataka with an estimated investment of around Rs 3,300 crores
Toyota, the top-selling Japanese carmaker in India, has recently signed a Memorandum of Understanding (MoU) with the government of Karnataka to extend its operations with new investments. Toyota Kirloskar Motor will establish a new manufacturing facility at a cost of about Rs 3,300 crores.
This will mark Toyota’s third plant in India, located in Bidadi on the outskirts of Bengaluru, near the existing two plants. The new facility is designed to increase the carmaker’s production capacity by 100,000 units per year and is scheduled for completion in 2026. While specific models to be manufactured at this new plant are yet to be confirmed, it is known that the Toyota Innova Hycross will be one of them. Although Toyota’s focus on electric vehicles in India is not as strong as some other manufacturers, it is likely that the new plant will be capable of producing them as well.
Commenting on the development, Masazaku Yoshimura, Managing Director and Chief Executive Officer of Toyota Kirloskar Motor, stated, “As a further boost to the company’s contribution to “Make-in-India”, we are very pleased to state that the new investments will enhance TKM production capacity by 100,000 units and add around 2,000 new jobs. The new development also brings with it the potential for further growth in the supplier ecosystem. As we celebrate TKM’s 25 years in India, this journey is a testament to the passion, hard work and dedication of our Toyota team and various stakeholders. I thank and congratulate each of them for their valuable contribution in creating a sustainable future for all, with no one left behind.”
Toyota distinguishes itself in the Indian market by offering robust hybrid powertrains in models such as the Urban Cruiser Hyryder SUV, Hycross MPV, Camry premium sedan, and Vellfire luxury MPV. Additionally, its well-loved models like the Innova Crysta and Fortuner continue to enjoy a strong following. Moreover, collaborations with Maruti Suzuki for models like the Glanza hatchback, Rumion MPV, and the upcoming Maruti Fronx based crossover further contribute to its market share. The increased capacity could also help Toyota address high waiting periods in the future.