Toyota Kirloskar Motor (TKM) has announced plans to invest Rs 3,300 crore in a new manufacturing unit in Bidadi district near Bangalore in Karnataka. The new facility is part of Toyota’s strategy to expand its manufacturing capacity in India and is expected to be operational by 2026.
This investment will increase Toyota’s total investment in India to around Rs 20,000 crore The new assembly line will be dedicated to the production of vehicles based on the TNGA-C platform, including an SUV model. The expansion will bring Toyota’s annual production capacity in India to 4 lakh vehicles.
The move is aimed at meeting market demand and reducing the waiting time for popular models like the Innova Hicross Hybrid MPV. The additional one lakh unit annual production capacity will not only include Toyota’s proprietary models but also Suzuki’s cross-badged variants such as the Invicto and Grand Vitara.
TKM’s venture is set to create around 2,000 direct jobs at the new plant. This contribution is significant as it adds to Toyota’s overall employment impact to more than 88,000 jobs across the country.
Setting up a third plant near the existing Bidadi unit signals Toyota’s commitment to the Indian market and its confidence in the region’s growth potential. The automotive giant’s continued investment underscores its efforts to meet consumer demand more efficiently and strengthen its presence in the competitive Indian automotive industry.
