Maharashtra Govt Allots 827 Acres for Toyota's Hybrid and Electric Car Plant
Tuesday, 08 October 2024, 10:35 IST
While officially reserving 827 acres of land in Chhatrapati Sambhajinagar for a new manufacturing unit of Toyota Kirloskar Motor (TKM), the Maharashtra government welcomed the significant development that TKM had agreed on July 31, 2024 to setting up a greenfield facility only focused on electric and hybrid vehicles, under an initial investment of Rs 21,000 crore.
Maharashtra Chief Minister Eknath Shinde announced that the facility would be producing close to four lakh units of electric and hybrid cars every year, which is going to be a landmark development for India's automobile sector. "This project will revolutionise the automobile sector in India", he noted, while underlining the scale this development may pose for the industry.
The construction of the facility will soon start, and production is scheduled to begin from January 2026. According to a DMIC official, this project would give direct employment to about 8,000 people and a close-knit network of around 18,000 people would benefit indirectly thus augmenting the local economy.
The land site is located at the Bidkin node of a newly developed greenfield smart industrial city, that has been jointly developed by the two governments; the Central as well as the Maharashtra government through the Maharashtra Industrial Township Limited, popularly known as MITL. The nodes that constitute the industrial city are Shendta and Bidkin, both set up with a view to achieving sustainable industrial growth in that region.
In a parallel development, TKM today unveiled an investment of around Rs 3,300 crore for a third plant at its existing Bidadi facility in Karnataka. This expansion-a la Make in India-will add another 100,000 units per year to TKM's manufacturing capacity and will result in over 2,000 direct jobs added to the state's payroll. With this new plant scheduled to come on stream in 2026, TKM's overall annual production capacity at Bidadi will be increased to 4.42 lakh units, following a 2022 Memorandum of Understanding with the Government of Karnataka for an investment of Rs 4,100 crore.
Maharashtra Chief Minister Eknath Shinde announced that the facility would be producing close to four lakh units of electric and hybrid cars every year, which is going to be a landmark development for India's automobile sector. "This project will revolutionise the automobile sector in India", he noted, while underlining the scale this development may pose for the industry.
The construction of the facility will soon start, and production is scheduled to begin from January 2026. According to a DMIC official, this project would give direct employment to about 8,000 people and a close-knit network of around 18,000 people would benefit indirectly thus augmenting the local economy.
The land site is located at the Bidkin node of a newly developed greenfield smart industrial city, that has been jointly developed by the two governments; the Central as well as the Maharashtra government through the Maharashtra Industrial Township Limited, popularly known as MITL. The nodes that constitute the industrial city are Shendta and Bidkin, both set up with a view to achieving sustainable industrial growth in that region.
In a parallel development, TKM today unveiled an investment of around Rs 3,300 crore for a third plant at its existing Bidadi facility in Karnataka. This expansion-a la Make in India-will add another 100,000 units per year to TKM's manufacturing capacity and will result in over 2,000 direct jobs added to the state's payroll. With this new plant scheduled to come on stream in 2026, TKM's overall annual production capacity at Bidadi will be increased to 4.42 lakh units, following a 2022 Memorandum of Understanding with the Government of Karnataka for an investment of Rs 4,100 crore.
