Commercial Vehicle

Toyota Group MoU with Govt. of Karnataka


Toyota Kirloskar Motor and Toyota Kirloskar Auto Parts today announced a Memorandum of Understand­ing (MoU) with the Government of Karnataka to invest Rs.4,100 crore from a total investment outlay of Rs.4,800 crore to contribute to the country’s vision of “Make in India” and to enable a faster reduction in carbon emissions. In the presence of Dr Murugesh R. Nirani, Minister of Large & Medium Industries, Government of Karnataka, Ravi Kumar, IAS, Chief Secretary of Karnataka State, and other dignitarie­s, the MoU was signed by Chief Minister of Karnataka, Basavaraj Bommai and Vikram S. Kirloskar, ViceChairm­an, Toyota Kirloskar Motor. This investment is expected to boost local manufactur­ing of electric powertrain parts and components thereby catering to India’s e-mobility vision.

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