TOKYO, May 11 (Reuters) - Toyota said on Monday it would build a new 100,000-vehicles-a-year factory in Maharashtra, India that would begin production in the first half of 2029.
The plant, to be located in the region's Bidkin Industrial Area, will manufacture a new SUV model and would employ about 2,800 people, the Japanese automaker said in a statement.
(Reporting by Kantaro Komiya and Daniel LeussinkEditing by Chang-Ran Kim)
Toyota Motor Corp is a Japan-based company mainly engaged in the automotive business, as well as financial services and other businesses. It operates through three business segments. The Automotive segment designs, manufactures, and sells automobiles, including sedans, minivans, compact cars, sport utility vehicles (SUVs), and trucks, as well as related parts and accessories. The Financial Services segment provides financing and vehicle leasing services to complement the sales of automobiles and other products manufactured by itself and its affiliates. The Other segment engages in information and communications services. It also oversees manufacturing and sales companies, conducts public relations and research activities, oversees financial companies, and develops various mobility products, primarily software.
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