Maharashtra Allots 827-Acre Land for Toyota's Hybrid and Electric Car Plant

10 Dec 2024 CW Team

The Maharashtra government has allocated 827 acres of land for Toyota Kirloskar Motor (TKM) to set up a manufacturing unit for hybrid and electric vehicles in Chhatrapati Sambhajinagar. The announcement follows an agreement signed on July 31 between TKM and the Maharashtra government to establish a greenfield facility, with an initial investment of Rs 21,000 crore.

Chief Minister Eknath Shinde stated that the facility will produce four lakh electric and hybrid vehicles annually, revolutionizing the Indian automobile industry. Work on the plant is set to begin soon, with production expected to start in January 2026. The project is anticipated to generate 8,000 direct and 18,000 indirect jobs.

A new smart industrial city, developed jointly by the Central and Maharashtra governments, will house the facility in the Bidkin node. The city is being built through a Special Purpose Vehicle (SPV) called Maharashtra Industrial Township Limited (MITL).

Simultaneously, TKM has announced an investment of ?3,300 crore to expand its existing plant in Bidadi, Karnataka, increasing its annual production capacity by 100,000 units and creating 2,000 direct jobs.

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