{"id":121546,"date":"2023-11-21T16:19:47","date_gmt":"2023-11-21T16:19:47","guid":{"rendered":"https:\/\/cottontailsonline.com\/?p=121546"},"modified":"2023-11-21T16:19:47","modified_gmt":"2023-11-21T16:19:47","slug":"toyota-to-set-up-its-third-manufacturing-unit-in-karnataka","status":"publish","type":"post","link":"https:\/\/cottontailsonline.com\/auto-news\/toyota-to-set-up-its-third-manufacturing-unit-in-karnataka\/","title":{"rendered":"Toyota to set up its third manufacturing unit in Karnataka"},"content":{"rendered":"
Toyota is investing Rs 3,300 crore in the new plant that will have a production capacity of 1 lakh units per annum.<\/h2>\n
Toyota has announced that it will set up a new manufacturing facility in India. The carmaker has signed a Memorandum of Understanding (MoU) with the government of Karnataka to set up its third plant.<\/p>\n
Toyota\u2019s new manufacturing unit will be situated close to its existing facilities at Bidadi near Bangalore. The company is investing Rs 3,300 crore in the new plant that will have a production capacity of 1 lakh units per annum. It is also expected to provide employment to about 2,000 individuals.\u00a0<\/span><\/p>\n
Toyota\u2019s third plant will be operational by 2026. It will boost the brand\u2019s total production capacity by 30% to 4 lakh units per annum.<\/span><\/p>\n
Toyota will build its upcoming 3-row SUV at the new assembly line. The new model is said to be based on the TNGA-C platform and will be a modified version of the Corolla Cross sold in overseas markets.\u00a0\u00a0<\/span><\/p>\n