Toyota to invest US$ 620 million in India

Toyota Kirloskar Motor and Toyota Kirloskar Auto Parts signed their Memorandum of Understanding (MOU) with the Government of Karnataka as part of the Make in India and Atma Nirbhar Bharat mission.

Toyota to invest US$ 620 million in India
Credits: @vikramkirloskar (Twitter)

Toyota groups has announced that it will invest US$ 620 million in India to make electric vehicle components which will systematically fund toward making the country a self-reliant manufacturing hub.

The Toyota Group of Companies, which includes Toyota Kirloskar Motor and Toyota Kirloskar Auto Parts, signed a Memorandum of Understanding (MOU) with the Government of Karnataka to invest 529 million dollars in the state.