Toyoda Gosei continues to strengthen its presence in India.
Through its joint venture in India, the company celebrates the opening of its fifth manufacturing plant in India.
A spokesman for the company said in an email that it intends to invest about $1 million in the fiscal year, including ensuring the safety of land, construction and production equipment. The site is about 194000 square feet and is located on about 807300 square feet of land.
Toyoda Goseiplans to employ about 330 people by the end of March 2021.
The site was launched in October and will produce new products, as well as other auto parts, the company said. The website will help reassess what public relations are, the spokesman said. To become a growing region and to help better serve one of its biggest customers, he said, the company is expanding its capacity in India.
"by 2030, India's production will increase from 4 million to 10 million units a year," he said. In particular, the intermediate motor, which is one of the main customers of TG, has the largest SHA. In the market. "
As part of the 2025 business plan, India and China are two key markets for BOC, which aims to generate about $317 million in sales in India by 2025. The company declined to say its target for 2025 would be more than double its current business.
The spokesman said demand for airbags, TG's main product line, and increased demand for cars were driving growth.
TG operated four other facilities in India: Toyotype GoseiSouthIndiaPvt. Ltd. located in Bandeur. The employment of some 500 persons; MindaTG rubber PVT. Ltd. In New Delhi, about 200 people are employed; it employs about 1200 people at the site of the site; it employs some 400 people in Bawal's factory.
In June, TG opened a development centre on the outskirts of New Delhi to increase sales in the region and set up engineering and sales operations in the region. The company said the Peres had previously been located at the headquarters of TGmin, its Netemana plant. The site currently employs 10 people, but tg said it plans to increase employment by 20. 0% by 2020 when the initiative was announced in June.