- Toyota to explore potential for a greenfield manufacturing facility
- Currently has a production capacity of 3.42 lakh units per year
Toyota Kirloskar Motor has signed a Memorandum of Understanding (MOU) with the Government of Maharashtra, to examine the setting up of a greenfield manufacturing facility at Chhatrapati Sambhaji Nagar in Aurangabad. Headquartered in Karnataka, TKM currently has its manufacturing setup with two units located at Bidadi and a combined annual capacity of 3.42 lakh units.
As per the MoU, TKM is considering a significant investment to set up a new manufacturing facility that will strengthen the company's focus on green technologies. The proposed investment, once finalised, is expected to be made over a multi-year period.
Back in 2023, Toyota announced fresh investments of approximately Rs. 3,300 crore for its third plant at the Bidadi facility. This expansion would increase the company’s production capacity by 1 lakh units annually. With this third plant expansion going mainstream in 2026, the annual production capacity at Bidadi is expected to be augmented to 4.42 lakh units.
