This story is from June 23, 2016
Toyota Industries starts new engine facility in Bengaluru
BENGALURU: Toyota Industries, a JV between Kirloskar Systems and Toyota Industries Corp, started a new engine production plant for the manufacture of Global Diesel (GD) engines at an investment of Rs 1,100 crore in the suburbs of Bengaluru.
The facility, in Jigani industrial area, is spread over 22 acres and has a capacity of 108,000 units per year and manufactures 1 GD (Global Diesel)-FTV 2.8 litres and 2 GD-FTV 2.4 litres engines. It is third GD engine plant for Toyota in the world after Japan and Thailand.
"The introduction of the GD series engines not only equips superior technology but also meet the new fuel efficiency policies mandate in the country. We realise diesel engine technology will remain an integral part of every automaker with strict fuel efficiency norms being implemented in India," Vikram Kirloskar said.
"I understand that this engine plant is dedicated for captive consumption is the largest investment made by Toyota in India. A huge amount of import substitution will be achieved by having nearly 150 parts localised," Karnataka chief minister Siddaramaiah said.
The production unit, which will manufacture powerful high performance GD engines, will contribute to enhanced fuel efficiency and has provisions to upgrade to BS V and BS VI emission norms in the future, Toyota said on Thursday. It will provide employment to about 1,200 people.
Stay informed with the latest Business News on Times of India. Explore the list of Bank Holidays, stay informed about Budget 2025, discover the new Income Tax Slabs, and use the Income Tax Calculator for hassle-free tax planning.
Unlock Investment Potential: Enroll in ET's Stock Valuation Workshop - Batch 3. Secure Your Spot Now!
"The introduction of the GD series engines not only equips superior technology but also meet the new fuel efficiency policies mandate in the country. We realise diesel engine technology will remain an integral part of every automaker with strict fuel efficiency norms being implemented in India," Vikram Kirloskar said.
"I understand that this engine plant is dedicated for captive consumption is the largest investment made by Toyota in India. A huge amount of import substitution will be achieved by having nearly 150 parts localised," Karnataka chief minister Siddaramaiah said.
The production unit, which will manufacture powerful high performance GD engines, will contribute to enhanced fuel efficiency and has provisions to upgrade to BS V and BS VI emission norms in the future, Toyota said on Thursday. It will provide employment to about 1,200 people.
Stay informed with the latest Business News on Times of India. Explore the list of Bank Holidays, stay informed about Budget 2025, discover the new Income Tax Slabs, and use the Income Tax Calculator for hassle-free tax planning.
Unlock Investment Potential: Enroll in ET's Stock Valuation Workshop - Batch 3. Secure Your Spot Now!
Popular from Business
- 'Must be laughing in Beijing': US indictment against Gautam Adani strategic blunder, says report
- HCLTech, Infosys in race for Volvo’s $1 billion tech deal
- Budget 2025 income tax expectations: Top personal tax changes on the wishlist
- Budget 2025 expectations: Will gold be made more affordable for middle class?
- DeepSeek: How a nerd with ‘terrible haircut’ shook up Silicon Valley's AI race
end of article
Trending Stories
- Sebi imposes Rs 7 lakh fine on Motilal Oswal Financial Services for violating broker rules
- Budget 2025 expectations: Will gold be made more affordable for middle class?
- Budget 2025 income tax expectations: Top personal tax changes on the wishlist
- 'Something so divine': IndiGo CEO Pieter Elbers has 'once in a lifetime experience' at Maha Kumbh
- Budget 2025: Metro rail network may be more than doubled over next 5 years
- Budget 2025 Expectations Live Updates: Income tax slabs, rates to be revised under new tax regime? FM Sitharaman may push consumption growth, record capex
- Stock market today: BSE Sensex opens in red; Nifty50 near 23,150
Visual Stories
- 8 unique strategies to learn to speak English fluently
- 8 Revision Tips to Cover More in Less Time for Board Exams
- 8 interesting tricks to master grammar rules effortlessly
- 8 creative strategies to stay focused and motivated while studying
- Get Better Marks with These 9 Study Habits
UP NEXT
Start a Conversation
Post comment