Transportation
Toyota to Build a Third Plant in India to Make New SUV Model
A worker on an inspection line at the Toyota Kirloskar Motor Ltd. plant in Bidadi, Karnataka, India.
Photographer: Dhiraj Singh/BloombergToyota Motor Corp. is adding a third vehicle assembly plant in India to meet growing domestic demand and boost exports to nearby countries.
The world’s largest automaker said Monday the new factory will create about 2,800 jobs and be built in the Indian state of Maharashtra at an industrial site more than 300 kilometers (186 miles) inland from Mumbai. Toyota aims to start production with its local partner of a new, as yet unspecified SUV model there by the first half of 2029 at an initial rate of 100,000 vehicles a year.