Friday, 26 August 2011

Toyota to invest Rs 3,800 cr in India

Toyota Kirloskar Motor (TKM), the Indian subsidiary of Japanese auto giant Toyota Motor Corporation (TMC), said it would invest around R3,800 crore to expand its manufacturing facility in Bidadi near Bangalore. In a meeting with Karnataka chief minister Sadananda Gowda on Thursday, TKM managing director Hiroshi Nakagawa said the new investment will be made by 2013. The company has told the state government that around 5,300 persons will get jobs on account of the investment.


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