Toyota Kirloskar Motor Signs MoU with Maharashtra for Proposed New Investment

The Memorandum of Understanding (MoU) with the Government of Maharashtra was exchanged today by Dr. Harshadeep Kamble (IAS), Principal Secretary (Industries), Government of Maharashtra, and Mr. Sudeep Santram Dalvi, Director & Chief Communications Officer, Toyota Kirloskar Motor (TKM), in the presence of Mr. Eknath Shinde Ji, Hon’ble Chief Minister, Mr. Devendra Fadnavis Ji, Hon’ble Deputy Chief Minister, Mr. Ajit Pawar Ji, Hon’ble Deputy Chief Minister, and other key dignitaries. From TKM, Mr. Masakazu Yoshimura, MD and CEO of Toyota Kirloskar Motor and Regional CEO at Toyota Motor Corporation (TMC), Ms. Manasi Tata, Vice Chairperson of TKM, and Mr. Swapnesh R. Maru, Deputy Managing Director of TKM, were present.

Since commencing operations in 1999, India has grown in importance and become a vital market for Toyota globally. Operating under the core values of “Grow India – Grow with India,” the company has been extensively expanding its operations in alignment with key national priorities of skill enhancement, localization, and local ecosystem development.

The immense support from the Government of India and the state of Karnataka has been integral to the company’s robust operations and significant expansion. This support has laid a strong foundation for growth, enabling Toyota to enter the next stage of expansion. Over the past 25 years, Toyota has established itself as a model company for innovation and manufacturing practices, leading to large-scale economic and social development in the region. In Karnataka, Toyota Kirloskar Motor, along with its group companies, has invested more than INR 16,000 crores and created nearly 86,000 jobs in the entire value chain, including supplier and dealer partners. This underscores its philosophy of making in India not only for India but for the world. Toyota’s cumulative export contributions stand at approximately INR 32,000 crores, reflecting the company’s export focus. Additionally, Toyota has positively impacted over 2.3 million lives by championing various social causes aimed at enhancing quality of life at the grassroots level.

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