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Toyota to invest 20K cr for setting up plant in Maha

August 01, 2024

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The New Indian Express

TOYOTA Kirloskar Motor (TKM) on Wednesday signed a Memorandum of Understanding (MOU) with the Government of Maharashtra to set up a ₹20,000 crore manufacturing facility at Chhatrapati Sambhaji Nagar.

- ARSHAD KHAN

Toyota to invest 20K cr for setting up plant in Maha

The factory, expected to roll out 4 lakh cars per annum, will be used by TKM to manufacture electric and hybrid cars.

"An MoU was signed on Wednesday between the Industries Department of the State Government and Toyota Kirloskar in the presence of Chief Minister @mieknathshinde This MoU was signed to manufacture electric and hybrid cars at Auric City in Chhatrapati Sambhajinagar. The project will produce electric and hybrid cars at Chhatrapati Sambhajinagar," Eknath Shinde, Chief Minister of Maharashtra, said on X.

He added that

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