Toyota Considers $2B India Expansion
Toyota is reviewing its production setup in India with potential plans to triple its capacity by the 2030s. The expansion could increase production to approximately one million vehicles per year through an investment of nearly $2 billion. Toyota currently operates three plants in southern India that primarily serve the domestic market. The company has not yet reached a final decision on the new factories, according to Reuters.
Topics
Developing
- 862d Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore.
- 862d Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
- 862d Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est.
- 862d Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium.
Sources · 7 independent
CNA938 Singapore
“Toyota says it hasn't reached the decision on plans for new factories according to news agency Reuters, but that it's constantly reviewing its production setup.”
Unlock the full story
Get a Pro subscription or above to see the live story progression and the full list of independent sources confirming each event as they happen.
Log in to upgrade