Toyota has started constructing a plant near Bangalore to make engines for its new Indian-made Etios compact car from autumn 2012 with annual capacity of 100,000.
The Toyota Kirloskar Auto Parts unit in Bidadi will also start producing Etios transmissions early in 2013 with capacity of 240,000, Toyota told Kyodo News.
Plant construction will cost about JPY9bn and the completed plant will create about 500 new jobs, the automaker added.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData