Toyota Kirloskar Motor to Revolutionise Maharashtra with Greenfield Manufacturing Facility

Toyota Kirloskar Motor (TKM) signed an MoU with the Maharashtra government to manufacture electric and hybrid cars. The project, expected to produce 4 lakh cars annually, involves a Rs 20,000 crore investment, generating both direct and indirect employment. It's a significant step in transforming the state's automobile sector.

Toyota Kirloskar Motor (TKM) has entered into a landmark agreement with the Maharashtra government to manufacture electric and hybrid vehicles. Chief Minister Eknath Shinde announced that this initiative would revolutionise the state's automobile sector.

The Memorandum of Understanding (MoU) was signed at the Sahyadri Guest House in Mumbai, facilitating the establishment of a greenfield manufacturing facility at Chhatrapati Sambhaji Nagar. This facility aims to produce 4 lakh electric and hybrid cars annually, with an investment of Rs 20,000 crore, and is expected to generate 8,000 direct jobs and an equal number of indirect employment opportunities.

Deputy Chief Minister Devendra Fadnavis declared the project's commitment to India's transformation and development, with 850 acres of land allocated at AURIC, Chhatrapati Sambhajinagar. State Industries Minister Uday Samant added that the state government had recently approved investments worth Rs 1 lakh crore, promising significant employment growth.