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Friday, September 20, 2024

Toyota Kirloskar Motor To Invest Rs 3,300 Cr To Set Up 3rd Plant In State

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Bengaluru

Staying true to its commitment of Make in India and producing Mass Happiness for All, Toyota Kirloskar Motor (TKM) signed a MOU with the Government of Karnataka to enhance its existing operations in the country through fresh investments. The investments of around INR 3,300 crores, coinciding with the landmark occasion of TKM’s 25-years of operations in India, involves setting-up of a new plant thus adding to capacity thereby resulting in a substantial boost to the local manufacturing eco-system, along with ushering new technologies to create mobility for all.  The Memorandum of Understanding with the Karnataka government was signed and exchanged today by Hon’ble Chief Minister Shri. Siddaramaiah, Government of Karnataka and Mr. Masakazu Yoshimura, Managing Director and Chief Executive Officer, Toyota Kirloskar Motor in the august presence of Shri. D. K. Shivakumar, Deputy Chief Minister of Karnataka, Shri M. B. Patil, Minister for Large and Medium Industries and Infrastructure Development, Government of Karnataka, Mr. Swapnesh R. Maru, Executive Vice President & Chief Compliance Officer, Mr. Vikram Gulati, Executive Vice President, Mr. Sudeep Santram Dalvi, Senior Vice President & Chief Communication Officer, and other top executives of Toyota Kirloskar Motor.

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