The expansion will come with an investment of Rs898 crore approximately and generation of new employment opportunities
Toyota Kirloskar Motor (TKM) today announced further increase of its production capacity to 3,10,000 units by 2013. The expansion will come with an investment of Rs898 crore approximately and generation of new employment opportunities.
The company had earlier announced its plan to expand the annual production capacity from 1,50,000 units to 2,10,000 units by first half of 2012. In line with TKM's expansion plans and to cater to the increase in demand for Innova, Fortuner, Corolla Altis, Etios and Etios Liva, the company has decided to further increase production.
The production in the first plant will be enhanced from 90,000 units to 1,00,000 units and in the second plant from 1,20,000 units to 2,10,000 units. The first plant will manufacture Innova and Fortuner and the second plant will manufacture Etios, Etios Liva and Corolla Altis.
Furthering the growth of Toyota in India by locally manufacturing the parts of Etios and Etios Liva, Toyota Kirloskar Auto Parts Pvt Ltd (TKAP) plans to install aluminum casting and machining lines, scheduled to begin operations in early 2014.
The lines are to be installed at TKAP's new "Etios" and "Etios Liva" engine plant, which is scheduled to start operations in the third quarter of 2012. The installation will see an additional investment of Rs750 crore approximately and generation of new employment opportunities.
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