Toyota Signs MoU With Maharashtra Govt For New Investment Initiative

The ceremony was held in the presence of Hon'ble Chief Minister Eknath Shinde, Hon'ble Deputy Chief Ministers Devendra Fadnavis and Ajit Pawar, along with other guests

Toyota Kirloskar Motor on Wednesday signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to explore establishing a Greenfield manufacturing facility in Chhatrapati Sambhaji Nagar. Based in Karnataka, TKM currently operates two advanced manufacturing units in Bidadi.

The Memorandum of Understanding with the Government of Maharashtra was exchanged today by Dr Harshadeep Kamble (IAS), Principal Secretary (Industries) of Maharashtra, and Sudeep Santram Dalvi, Director & Chief Communications Officer of TKM. 

The ceremony was held in the presence of Hon'ble Chief Minister Eknath Shinde, Hon'ble Deputy Chief Ministers Devendra Fadnavis and Ajit Pawar, along with other guests. Representing TKM were Masakazu Yoshimura, MD and CEO of Toyota Kirloskar Motor and Regional CEO at Toyota Motor Corporation (TMC), Manasi Tata, Vice Chairperson of TKM, and Swapnesh R. Maru, Deputy Managing Director of TKM.

Since beginning operations in 1999, India has become a crucial market for Toyota worldwide. Adhering to its core values of "Grow India - Grow with India," the company has been expanding its presence in line with national priorities such as skill development, localisation, and the strengthening of the local ecosystem.

Speaking about the MoU, Masakazu Yoshimura, MD and CEO of Toyota Kirloskar Motor and Regional CEO at Toyota Motor Corporation, said, “Toyota Motor Corporation believes that India is well positioned to become a global manufacturing hub for cleaner and greener mobility solutions. This belief was reinforced with the recent regional restructuring, which elevated India to play central role by being integrated into the Middle East, East Asia & Oceania Region and acting as the hub of the new “India, Middle East, East Asia & Oceania Region”. Today’s MOU signing marks a pivotal point as we stride into the next phase of growth in the country, enabling us to contribute to enriching lives with qualitative mobility solutions locally and globally.”