Toyota Announces Third New Manufacturing Facility For India With An Investment Of Around Rs 3,300 Crore

• Toyota to set up a new third manufacturing facility in Bidadi, Karnataka. 
• It has signed a Memorandum of Understanding with the Karnataka government for the same. 
• New facility will be built at a cost of around Rs 3,300 crore. 
• It will help the carmaker expand production capacity by 1 lakh units. 
• The Innova Hycross will roll out from this new facility. 

Toyota has announced that it will be setting up a new manufacturing facility in Bidadi on the outskirts of Bengaluru, Karnataka. The Japanese carmaker has signed a Memorandum of Understanding (MoU) with the Karnataka government affirming the same. It’s expected to be completed in 2026. 

Toyota’s new facility, the carmaker’s third in India, is located very close to the other two units in the same location. It will be set up at a cost of around Rs 3,300 crore and will help the carmaker expand its annual production capacity by one lakh units, and even create a new supply chain ecosystem. 

It’s still too early to say what models will be built in this new facility, but one car that will roll out of the assembly line is the Toyota Innova Hycross. Since Toyota’s press release states ‘Diversity, Intelligence & Electrification,’ we hope more models are built here including electric vehicles. 

Commenting on this news, Masahiko Maeda, Chief Executive Officer of Asia Region, said, “The Indian market has always been of great importance to us. We are confident that with the new investments in India, we will further elevate TKM’s role in our global vision for a more promising future by creating sustainable mobility solutions that enrich people’s lives worldwide.”

The Japanese marque also said this initiative is to build on the carmaker’s 25-year journey in India so far. As for the carmaker’s upcoming products, it will introduce its Maruti Fronx-based crossover by April 2024.