Toyota India News 2012: Has Toyota hit road to Gujarat?

Posted by kopok Wednesday, April 25, 2012 0 comments
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Toyota India 2012
Toyota India News 2012
AHMEDABAD: Is auto major Toyota joining the beeline for Gujarat? After Maruti Suzuki India, Indian subsidiary of the Japanese car-maker Suzuki Motor Corporation, Toyota Motor Corporation is exploring possibilities of setting up a plant in Gujarat through its Indian subsidiary Toyota Kirloskar Motor Pvt Ltd.

If the Japanese company decides to invest in Gujarat, it will be the fifth foreign carmaker to have chosen the western state, which is fast emerging as India's Detroit.

A team of consultants working for Toyota visited Gujarat two months ago and were shown three locations, sources close to the development said. "They have seen Sanand , where Tata Motors already has a plant and Ford as well as Peugeot are in the process of setting up their units. They also visited Halol, where American car-maker General Motors runs a plant was another location," said a state government official. A company spokesperson, however, denied the development .

While the company, which manages two plants in Karnataka with a combined capacity of manufacturing about two lakh vehicles, may take time to firm up plans, the proposed plant may see investment to the tune of Rs4,000 crore. The Delhi-Mumbai Industrial Corridor (DMIC) - in which Japan is a partner - is also a crucial factor behind auto makers' new-found love for the state. With increase in local demand and plans to export cars from India, the company had last earlier announced that it will increase its production capacity to 3,10,000 units by 2013.
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