![]() ![]() With new launches and demand for products from the global partnership with Suzuki, TKM has also seen a robust increase in volumes over the past year. ![]() The need for the new plant also arises as both the existing plants are currently reaching full utilisation in the country. Unlike other automakers betting big on electric vehicles (EVs), the Japanese carmakers like Toyota Kirloskar, Honda Cars, Maruti Suzuki are taking the mid-path with hybrids before fully migrating to EVs.ĭuring the MoU signing ceremony, MB Patil, Minister for Large and Medium Industries and Infrastructure, Karnataka noted that the State government is bringing a new clear mobility policy that aims to position it as the premier destination for EV manufacturing, and has increased the coverage to provide incentives to include strong hybrids as well.Īccording to Vikram Gulati, Executive Vice President, Toyota Kirloskar Motor, the new plant “will manufacture Hycross and take up other projects" with different fuel technologies. We will continue to work with the government to develop the local ecosystem by focusing on energy security, economic growth and carbon neutrality,” Masakazu Yoshimura, Managing Director and Chief Executive Officer, Toyota Kirloskar Motor, said. “Today’s MoU will contribute through employment generation and expand adoption of advanced technologies. ![]()
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