Toyota announced invest $100 million in India built engine factory
Gaishi car - comprehensive electric reports, Japan first big carmakersToyotaCar on 6 July announced, Toyota will investment in India 90 billion yen (about 1.03 billion) a new factory, for the production Etios vehicles special engine and transmission.
Toyota hold its Indian parts Kirloska 90% of the joint venture company Toyota shares. Toyota said in a statement that use the funds, Toyota Kirloska would be built a factory. The factory will be from the 2012 fall began to produce engine, plan for 10 million annual, Beginning from 2013, annual production plan for transmission 24 million. This wholesale motivation and the transmission will basically use in Toyota specifically for the India market research, development and producing Etios models. But, some transmission will also exported to Toyota global other factories.
But in the early Etios production, Toyota Indian factory will import from Japan partial engine and transmission.