Toyota to set up new plant in JV with Kirloskar Motor in Maharashtra
Japanese automobile major Toyota, in collaboration with its joint venture (JV) partner Kirloskar Group, is planning to develop a new vehicle manufacturing facility in Maharashtra. The plan is to develop a facility with an initial annual production capacity of 1 lakh vehicles at Bidkin Industrial Area in AURIC (Aurangabad Industrial City).
The facility is expected to be operational by 2029 and will manufacture an all-new SUV as its first product.
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