Toyota, which operates in India through a JV with the Kirloskar Group, is planning to boost production capacity at its Bangalore plant.
Toyota Kirloskar Motor (TKM) Vice-Chairman Vikram Kirloskar said: “We will invest INR9bn (US$162m) to expand the capacity of our Bangalore plant by March next year. The production capacity will increase to 310,000 annually from the 210,000 units at present.” The move would majorly include increasing the capacity of Innova and Etios, he said.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Meanwhile, TKM Managing Director Hiroshi Nakagawa said that the company’s plan to build a diesel engine-making plant is ‘under discussion’ and the company has not taken any decision yet, the Economic Times reported.
