Toyoda Gosei said an Indian auto parts maker has invested in its local unit in a move aimed at enhancing the business of the Toyota Motor affiliate in the fast-growing Indian market.

Minda Investment acquired a 12.9% stake in the unit by purchasing new privately offered shares in November, and the local unit has been renamed Toyoda Gosei Minda India, Toyoda Gosei told Kyodo News.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The Toyoda Gosei unit will expand its plant as early as next May to integrate the manufacturing of its mainstay rubber products to help lower costs.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Continental has secured the Window Displays Innovation Award in the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.

Discover the Impact