Toyota Kirloskar Motor signs a MOU with the Maharashtra government | Will explore the potential of setting up a new Greenfield manufacturing facility

To study the possibility of establishing a greenfield manufacturing facility, Toyota Kirloskar Motor has signed a Memorandum of Understanding (MOU) with the government of Maharashtra. This announcement comes close to the recent two mega investment commitments in the State of Karnataka that includes the setting-up of a 3rd plant in Bidadi with an investment of ₹3,300 crore.

The brand is planning to set up the plant in Chhatrapati Sambhaji Nagar near Pune, to enhance its ability to meet business and logistical requirements more efficiently, allowing it to serve wider markets within the country and even abroad, thereby offering significant growth opportunities.

Furthermore, it will also strengthen the brand's focus on advanced green technologies along with products and services. The proposed investment, once finalised, is expected to be made over a multi-year period, potentially contributing to substantial job creation and economic growth in the region.

Present at the MOU event on the occasion, Mr. Masakazu Yoshimura, MD and CEO of Toyota Kirloskar Motor and Regional CEO at Toyota Motor Corporation (TMC) said “Toyota Motor Corporation believes that India is well positioned to become a global manufacturing hub for cleaner and greener mobility solutions. This belief was reinforced with the recent regional restructuring which elevated India to play a central role by being integrated into the Middle East, East Asia & Oceania Region and acting as the hub of the new “India, Middle East, East Asia & Oceania Region”. Today’s MOU signing marks a pivotal point as we stride into the next phase of growth in the country enabling us to contribute to enriching lives with qualitative mobility solutions locally and globally.”

Commenting on the MOU and present at the event Ms. Manasi Tata, Vice Chairperson, Toyota Kirloskar Motor said “For us at the company, the last 25 years of operational excellence from our Bidadi Plant has created the foundation for future direction of Toyota in India. Our strategic focus on “Make in India” and “Skill India” will enable us to implement a sustainable, long-term growth strategy which will enable us to offer cleaner, greener mobility solutions to our customers and act as a catalyst towards the Government's roadmap of “Viksit Bharat 2047.”

Speaking of the new MOU event, Mr. Swapnesh Maru, Deputy Managing Director, TKM said “The State of Karnataka has helped us to firmly establish ourselves as a tested base for manufacturing excellence. Proposal for the Green Field Manufacturing Facility at Chhatrapati Sambhaji Nagar continues our commitment to advancing sustainable mobility in India. This will act as a tipping point to unlock the potential of Marathwada region, unleashing its entrepreneurial capabilities and providing new age skills to its youth so as to bring Marathwada as a key contributor to Maharashtra’s growth.”