Toyota plans a ₹20,000 crore greenfield SUV plant at Bidkin Industrial Area in Maharashtra, targeting 100,000 vehicles annually. Production is set to begin in the first half of 2029, with about 2,800 direct jobs and a boost to Toyota’s total India capacity to nearly 450,000 units. The reported $2.1 billion figure comes from a state estimate, not Toyota.
Toyota has announced plans for a new car factory in Maharashtra that can roll out 100,000 vehicles a year. Production is expected to begin in the first half of 2029 at the Bidkin Industrial Area, with the plant set to produce a new SUV model. The project is estimated to generate about 2,800 jobs.
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Toyota expects its net profit to fall 22% in the coming fiscal year, blaming the drag from US tariffs. The automaker previously reported a 19.2% profit decline for 2025-26, but says it has stayed resilient thanks to higher sales volumes and price adjustments, supported by strong product competitiveness.
Toyota Motor is expanding aggressively in Maharashtra with three new assembly plants. The company expects the move to triple its production, targeting up to one million vehicles annually by the 2030s. The project is backed by an estimated investment of about 300 billion yen, signaling a major shift in Toyota’s India manufacturing footprint.
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