📋 Tender Overview
Scope : To Set up Toyota Vehicle Plant at Bidadi in Karnataka.
Toyota Kirloskar Motor announced plans to invest Rs 3,300 crore to set up its third plant at Bidadi in Karnataka.
The new unit, which will commence production by 2026, will have an annual capacity of 1 lakh units in two shifts.
It will come up at the company's existing facility at Bidadi, near here where it currently has two units with a combined installed production capacity of up to 3.42 lakh units annually.
The new plant, apart from producing multi-utility vehicle Innova HyCross, will be "future ready" to roll out models spanning across different fuel technologies.
The third plant will create 2,000 jobs, adding to the current 11,200 strong workforce across the existing two plants.
The company has signed a memorandum of understanding with the Karnataka government regarding the fresh investment to set up the third plant coinciding with its 25th year of operations in India.
