Toyota to invest Rs 900 cr at Bangalore unit
The company, which is present in India through a joint venture with the Kirloskar Group, will be increasing the capacity of its plant in Bangalore to 3.1 lakh units per annum by March next year from 2.1 lakh units at present.
"We will invest Rs 900 crore to expand the capacity of our Bangalore plant by March next year. The production capacity will increase to 3.1 lakh annually from the 2.1 lakh units at present," Toyota Kirloskar Motor Vice-Chairman Vikram Kirloskar told reporters here on the sidelines of the annual convention of the Society of Indian Automobile Manufacturers (SIAM).
He added that most of these investments and increase in production would be for hiking the capacity of Innova and Etios.
Diesel engine plant
On the company's plans to set up a diesel engine manufacturing plant, TKM Managing Director Hiroshi Nakagawa said: "It is under discussion and we have not taken any decision yet. It will take time.''