The Toyota Group of Companies, which includes Toyota Kirloskar Motor and Toyota Kirloskar Auto Parts, recently signed an MOU with the Karnataka government for a Rs 4,100 crore investment. This investment will also allow local manufacturing facilities to produce electric powertrain parts and components, catering to the growing EV manufacturing in India.
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Note: The above-mentioned news was first published by us in our ProjectX India | 15th June 2022 edition. Click here to buy this issue. Access Automotive Components news, projects, tenders, and contract award information in each fortnightly issue of ProjectX India PDF version. Go for an annual subscription and get access to 24 issues in a year.