Toyota to build three assembly plants in India’s Maharashtra: Nikkei
Published Fri, May 1, 2026 · 07:38 AM — Updated Fri, May 1, 2026 · 01:13 PM
TOYOTA Motor plans to build three vehicle assembly plants in the western Indian state of Maharashtra as automakers shift focus from stagnating markets like the US and China to emerging ones, the Nikkei newspaper reported on Friday.
The new facilities will triple Toyota’s production capacity in the country to 1 million units by the 2030s, with the total investment estimated at around 300 billion yen (S$2.4 billion), the report said.
In a statement, Toyota said it had made no decision on construction of a new factory, although it was constantly reviewing production arrangements, working in partnership with other stakeholders in every region where it operates.
Investments in India running into billions of dollars by Toyota, Honda and Suzuki signal the South Asian nation’s growing importance as a manufacturing hub, Reuters reported last year.
The new plants will bring Toyota’s factories in India to six, with the other three existing facilities in the south. The southern plants primarily serve the domestic market, while the new plants will handle exports as well, the report said.
Toyota has a production capacity of 3.1 million units in Japan, 2.2 million in China and 1.5 million in the US, according to Japanese research company Fourin. The three new plants will make India its fourth-largest production base, the Nikkei said.
Toyota will also produce plug-in hybrid vehicles for environmentally conscious consumers, the newspaper said. REUTERS
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