The Karnataka government has approved Toyota Kirloskar Motor's investment for a third manufacturing plant, which will increase production by 100,000 units annually and create 2,000 jobs.
12 Feb 2025 | 8562 Views | By Angitha Suresh
Toyota Kirloskar Motor (TKM) has been awarded an investment certificate by the Karnataka government for its third manufacturing plant at the Invest Karnataka 2025 Global Investors Meet in Bengaluru. The new facility, announced in November 2023, will increase production capacity by 100,000 units annually and create 2,000 jobs.
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Toyota Kirloskar Motor (TKM) has been awarded an investment certificate by the Karnataka government for its third manufacturing plant at the Invest Karnataka 2025 Global Investors Meet in Bengaluru. The new facility, announced in November 2023, will increase production capacity by 100,000 units annually and create 2,000 jobs.
The company has invested ₹16,000 crores in Karnataka over its 25-year presence, with an additional ₹4,000 crores under execution, including the new plant. TKM's participation in the four-day global meet includes showcasing its sustainable manufacturing practices and electric vehicle technology.
TKM Chairperson Manasi N. Tata and senior executives attended the event, where the company displayed its initiatives through three experience zones focusing on sustainability, green technology, and skill development. The company's Bidadi plant operates on renewable energy and recycles 96.4% of its waste.
The automaker has established significant training infrastructure in Karnataka, including the Toyota Technical Training Institute which serves 1,200 students, with half being female students. TKM has partnerships with 49 Industrial Training Institutes and is developing 16 Government Tool Room & Training Centers, planning to expand to 36 centers by 2026.
The company has achieved 90% localization for key models like Innova and Fortuner, with 92% of steel sourced within India. Its e-drive unit at Toyota Kirloskar Auto Parts now supplies components to Japan and other global markets, strengthening Karnataka's position in global manufacturing.
The Invest Karnataka Global Investors Meet, launched in 2010, serves as the state's primary platform for attracting investments and promoting industrial growth. The 2025 edition, themed 'Reimagining Growth,' brings together industry leaders, policymakers, and investors to discuss opportunities in sustainability and innovation.
This development comes as India's automotive sector undergoes transformation toward electric and hybrid vehicles, with manufacturers expanding production capacity and focusing on localization to meet growing domestic demand and export opportunities. Karnataka has emerged as a significant hub for automotive manufacturing, with several global companies establishing operations in the state.