TOYODA GOSEI announced plans to build a new plant in Maharashtra, western India, to produce large automotive components. It plans to invest approximately 5.7 billion rupees and aims to begin production in the first half of 2029. The site will cover approximately 29,000 square meters, and the workforce is expected to reach up to approximately 570 employees.
TOYODA GOSEI announced plans to build a new plant in Maharashtra, western India. The plant will produce large components, with an investment of approximately 5.7 billion rupees (approximately ¥9.4 billion), and production is scheduled to begin in the first half of 2029.
The new plant will have a total floor area of approximately 29,000 square meters, and the workforce is expected to reach approximately 570 employees by 2029. It will supply large components for SUVs, whose popularity is growing in the Indian market.
Toyota Motor has decided to build a new plant in the area, while Futaba Industrial and Toyota Boshoku have also announced similar initiatives. The facility will be TOYODA GOSEI's 8th major location in India.
Attention is focused on the expansion of the local manufacturing network, including the timing of production startup and developments among neighboring companies.