Toyota Kirloskar announces new Maharashtra plant with 1 lakh annual capacity

Toyota Kirloskar Motor (TKM) on Monday said it will set up a new manufacturing plant in Maharashtra, with production scheduled to begin in the first half of 2029.

The company did not disclose the investment planned for the facility. However, Japanese media reports said parent company Toyota Motor plans to invest about 300 billion yen (USD 1.9 billion) in Maharashtra as part of its India capacity expansion plans.

In a statement, TKM said the new vehicle manufacturing plant will come up in the Bidkin Industrial Area in Maharashtra.

“The new plant is planned to start production in the first half of 2029 and is aimed to strengthen Toyota’s business foundation in the Indian market,” the company said.

The plant will have an annual production capacity of 100,000 vehicles and is expected to generate around 2,800 jobs.

According to the company, a new SUV model will be produced at the facility. The plant will include key manufacturing operations such as stamping, welding, painting and assembly.

TKM said the new unit is part of Toyota’s broader strategy to “continue strengthening its production structure to enable flexible response to future demand growth and market changes in India and surrounding regions, and to deliver products in a timely manner that customers choose”.

Toyota Kirloskar Motor currently operates two manufacturing plants in Karnataka with a combined installed production capacity of 5.52 lakh units annually.