Toyota Kirloskar Motor (TKM) is the Indian joint venture of Toyota and the Kirloskar Group, focused on the production and sale of Toyota vehicles in India. According to media reports, this subsidiary has purchased land in Maharashtra for the factory. It is expected to commence operations in January 2026 and will have the capacity to produce 400,000 electric and hybrid vehicles per year. The project is expected to create 8,000 direct and 18,000 indirect jobs, according to a senior official from the Delhi-Mumbai Industrial Corridor (DMIC). The newly acquired land is reported to cover an area of 335 hectares.

Source: Economic Times October 08, 2024 21:12 UTC