By: ONE INDIA AUTOMOBILE
Source: http://auto.oneindia.in
Toyota, the Japanese carmaker which has a manufacturing plant in Bangalore, Karnataka has announced plans to make investment of Rs.1,650 crores. Toyota Kirloskar Motors, the Indian subsidiary of Toyota had earlier announced that it intended to increase annual production from 1,50,000 units to 2,10,000 units by the first half of 2012.
Toyota has seen a spurt in demand for its Innova, Fortuner, Corolla Altis, Etios and Etios Liva hatchback. The company in its release has stated the planned investment was to increase production of these models. The Etios Liva hatchback is the first model from Toyota to enter the volume car segment in India and has been received well by the public.
Toyota Kirloskar builds the Innova and the Fortuner at its first plant. Its second and recently built plant is being used to build the Corolla Altis, Etios and Etios Liva. Toyota is hoping to gain a strong foothold in India by increasing the number of locally built models.
Toyota Kirloskar Auto Parts Pvt Ltd (TKAP), the parts building division of Toyota Kirloskar plans to install aluminium casting and machining lines, that are scheduled to begin operations in early 2014. The lines are to be installed at TKAP’s new 'Etios' and 'Etios Liva' engine plant, which is scheduled to start operations in the third quarter of 2012. The installation will see an additional investment of about Rs.750 crore and generation of new employment opportunities.
Source: http://auto.oneindia.in/news/2011/07/toyota-invest1650-crore-bangalore-270711.html
Source: http://auto.oneindia.in
Toyota, the Japanese carmaker which has a manufacturing plant in Bangalore, Karnataka has announced plans to make investment of Rs.1,650 crores. Toyota Kirloskar Motors, the Indian subsidiary of Toyota had earlier announced that it intended to increase annual production from 1,50,000 units to 2,10,000 units by the first half of 2012.
Toyota has seen a spurt in demand for its Innova, Fortuner, Corolla Altis, Etios and Etios Liva hatchback. The company in its release has stated the planned investment was to increase production of these models. The Etios Liva hatchback is the first model from Toyota to enter the volume car segment in India and has been received well by the public.
Toyota Kirloskar builds the Innova and the Fortuner at its first plant. Its second and recently built plant is being used to build the Corolla Altis, Etios and Etios Liva. Toyota is hoping to gain a strong foothold in India by increasing the number of locally built models.
Toyota Kirloskar Auto Parts Pvt Ltd (TKAP), the parts building division of Toyota Kirloskar plans to install aluminium casting and machining lines, that are scheduled to begin operations in early 2014. The lines are to be installed at TKAP’s new 'Etios' and 'Etios Liva' engine plant, which is scheduled to start operations in the third quarter of 2012. The installation will see an additional investment of about Rs.750 crore and generation of new employment opportunities.
Source: http://auto.oneindia.in/news/2011/07/toyota-invest1650-crore-bangalore-270711.html
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