Toyota Kirloskar Motor (TKM) signed a Memorandum of Understanding (MOU) with the Government of Maharashtra, to examine the setting-up of a Green Field Manufacturing Facility at Chhatrapati Sambhaji Nagar. The company is said to have a manufacturing setup with two state-of-the-art units located at Bidadi.
The Memorandum of Understanding with the Government of Maharashtra was exchanged by Dr Harshadeep Kamble (IAS), Principal Secretary (Industries), Government of Maharashtra and Sudeep Santram Dalvi, Director & Chief Communications Officer, TKM in the august presence of Eknath Shinde, Hon’ble Chief Minister, Devendra Fadnavis, Hon’ble Deputy Chief Minister, Ajit Pawar, Hon’ble Deputy Chief Minister and other key dignitaries. Present from TKM were Masakazu Yoshimura, MD and CEO of Toyota Kirloskar Motor and Regional CEO at Toyota Motor Corporation (TMC), Manasi Tata, Vice Chairperson TKM, Mr. Swapnesh R. Maru, Deputy Managing Director TKM.
With the support from Karnataka, Toyota Kirloskar Motor, including its group companies has invested more than Rs 16,000 crores and created close to 86,000 jobs in the entire value chain (including supplier and dealer partners), Toyota’s cumulative export contributions also stand at approx. Rs 32,000 crores, thus representing the company’s export focus. The company has also supported 2.3 million lives by aiming to enhance their quality of life at the grassroots level.
New green field manufacturing unit in Maharashtra
Under the MOU, TKM is considering a significant investment for setting up a Greenfield Manufacturing Facility that will further strengthen the company’s focus on advanced green technologies along with quality products and services. The proposed investment, once finalized, is expected to be made over a multi-year period, potentially contributing to substantial job creation and economic growth in the region.
The company currently has two plants located in Bidadi with an annual installed capacity of 3.42 lakh vehicles/year employing over 6000 people. Operations at both plants are guided by Toyota Environmental Challenge (TEC) 2050; the company has also adopted various environmental risk mitigating measures through TEC 2050, towards realizing the carbon neutrality targets. In addition, the facility also houses a base of over 200 suppliers for providing car parts that are aimed at producing “Mass Happiness for All”.
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 by 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 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 the 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”.”
In 2023, TKM announced fresh investments of about Rs. 3,300 crores for a new 3rd plant in the Bidadi facility. This expansion, aimed at contributing to Make-in-India, increases TKM’s production capacity by 100,000 units, annually thus further adding to the growth of the local ecosystem of suppliers and job creation of over 2000 direct employees in the state of Karnataka. With this third plant expansion going mainstream in 2026, TKM’s annual production capacity at Bidadi is expected to be augmented to 4.42 lakh annually.
Prior to this in the year 2022, the Toyota Group of companies consisting of Toyota Kirloskar Motor and Toyota Kirloskar Auto Parts (TKAP) had signed and announced their Memorandum of Understanding (MOU) with the Government of Karnataka to invest Rs. 4,100 crores aimed at making deeper cuts in CO2 emissions and enhance electrification and fast pace shift towards greener technologies.
