India’s Demand for Air Bags Prompts Gosei to Start Another Plant
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The increasing demand for vehicular air bags in India has prompted Japanese automotive parts manufacturer Toyoda Gosei Co. to set up another plant to provide them.
The new factory will cost about 900 million yen ($8.5 million) to build and supply air bags and other parts to parent Toyota Motor Corp., Honda Motor Co. and Suzuki Motor Corp.’s India unit, said Takatomo Abe, a spokesman for Toyoda Gosei.