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.
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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.”
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